A Major Shareholder at Gray Television (NYSE: GTN) is Buying Shares

By Carrie Williams

Today, a Major Shareholder at Gray Television (GTNResearch Report), Harriett Robinson, bought shares of GTN for $111.5K.

Following Harriett Robinson’s last GTN Buy transaction on March 16, 2018, the stock climbed by 1.6%. In addition to Harriett Robinson, 2 other GTN executives 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. The company has a one-year high of $25.31 and a one-year low of $13.60. Currently, Gray Television has an average volume of 987.43K.

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.

The insider sentiment on Gray Television has been positive according to 44 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Harriett Robinson’s trades have generated a 121.9% 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.