Today, the COB, Pres & CEO of Gray Television (GTN), Hilton Howell, bought shares of GTN for $26.57K.
Following Hilton Howell’s last GTN Buy transaction on November 16, 2016, the stock climbed by 5.1%. In addition to Hilton Howell, one other GTN executive reported Buy trades in the last month.
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Based on Gray Television’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $508 million and quarterly net profit of $44 million. In comparison, last year the company earned revenue of $250 million and had a net profit of $40.71 million. GTN’s market cap is $1.47B and the company has a P/E ratio of 8.63. Currently, Gray Television has an average volume of 904.1K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $26.00, reflecting a 80.6% upside. Starting in October 2018, GTN received 21 Buy ratings in a row. Three different firms, including Barrington and Noble Financial, currently also have a Buy rating on the stock.
Hilton Howell’s trades have generated a 22.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It also sells Internet advertising on its stations websites. The company was founded in January 1897 and is headquartered in Atlanta, GA.
