Tegna Inc Stock Fair Value – Assenagon Asset Management S.A. Increases Stock Holdings in TEGNA Inc, Boosting Investor Confidence

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Assenagon Asset Management S.A. recently announced that it has increased its stock holdings in TEGNA ($NYSE:TGNA) Inc, a media company that operates television stations across the United States. With Assenagon’s reputation for making sound investment decisions, this move has garnered attention from other investors and analysts alike. The company has been making strategic moves to adapt to the rapidly changing media landscape, including diversifying its revenue streams and investing in digital platforms. This has positioned TEGNA Inc for continued success in the future.

Moreover, this increase in stock holdings comes at a time when TEGNA Inc has been performing well financially. This positive financial performance further reinforces Assenagon’s decision to increase its stock holdings in TEGNA Inc. Overall, Assenagon Asset Management S.A.’s increased stock holdings in TEGNA Inc is a testament to the company’s strong fundamentals and potential for future growth. With the support of a reputable and successful asset management firm, TEGNA Inc is well-positioned to continue its upward trajectory and provide value to its shareholders.

Price History

On Friday, TEGNA INC‘s stock saw a slight decrease in its value, closing at $16.29, down by 0.85% from the previous day’s closing price of $16.43. Assenagon Asset Management S.A., an investment management company based in Luxembourg, recently disclosed that it has added more TEGNA Inc shares to its stock portfolio. This move is seen as a vote of confidence in the company’s future performance and growth potential. TEGNA Inc, a media and marketing company, is known for its ownership of various television stations and digital platforms across the United States. With a strong presence in the media industry, TEGNA Inc has been evolving and adapting to the changing landscape, making strategic investments and partnerships to enhance its offerings and reach a wider audience. Firstly, it shows that the investment management company sees potential in TEGNA’s future performance and is confident in its ability to generate returns for investors. This can also spark interest from other investors and potentially attract more investments into the company.

Additionally, this move by Assenagon Asset Management S.A. is also an indication of their belief in TEGNA Inc’s current financial standing and growth trajectory. The increase in stock holdings by Assenagon Asset Management S.A. comes at a time when TEGNA Inc has been focusing on diversifying its revenue streams and expanding its digital offerings to reach a wider audience. With this added investment, TEGNA Inc is in a stronger position to continue its growth and expansion plans, which could potentially lead to an increase in stock value. This move not only reflects positively on TEGNA Inc’s financial standing and potential, but it also serves as a vote of confidence in the company’s future growth and success. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tegna Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tegna Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tegna Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Tegna Inc are shown below. More…

Analysis – Tegna Inc Stock Fair Value

After conducting an in-depth analysis of TEGNA INC‘s financials, I have determined that the fair value of their shares is approximately $21.3. This calculation was based on our proprietary Valuation Line, which takes into account various factors such as revenue growth, profitability, and industry trends. Currently, TEGNA INC’s stock is trading at $16.29. This means that it is undervalued by 23.5% compared to its fair value. As an investor, this presents an opportunity to potentially purchase shares at a discounted price. One key factor that contributes to TEGNA INC’s undervaluation is their recent performance. They have shown steady revenue growth and maintained profitability, which are positive signs for the company’s financial health. Additionally, their industry is expected to continue growing in the coming years, which could further drive up their stock value. Furthermore, TEGNA INC has a strong balance sheet with low debt levels and a healthy cash flow. This provides stability and potential for future growth opportunities. Based on our analysis, TEGNA INC appears to be a solid investment opportunity with strong potential for growth. As always, it is important for investors to do their own research and make informed decisions based on their personal risk tolerance and investment goals. More…

Peers

It operates in various segments including broadcasting, digital media, and marketing services. The company’s broadcasting segment owns and operates television stations. The digital media segment comprises Cars.com, a leading online vehicle shopping destination, and CareerBuilder, a leading online job site. The marketing services segment provides advertising and marketing solutions to businesses. Tegna’s competitors include Entravision Communications Corp, Cumulus Media Inc, and Sharpline Broadcast Ltd.

– Entravision Communications Corp ($NYSE:EVC)

Entravision Communications Corporation is a diversified Spanish-language media company that owns and operates radio and television stations in the United States, as well as digital media properties. The company’s radio stations broadcast Spanish-language programming, while its television stations broadcast English-language programming targeted at the Hispanic market. Entravision also operates a number of websites and digital platforms that reach Hispanic audiences.

Entravision’s radio stations reach approximately 4.8 million listeners each week, while its television stations reach approximately 3.5 million households. The company’s digital media properties reach approximately 7 million unique visitors each month. Entravision is headquartered in Santa Monica, California.

– Cumulus Media Inc ($NASDAQ:CMLS)

Cumulus Media Inc. is one of the largest radio station groups in the United States, with 446 stations across the country. The company’s stations reach nearly 150 million people each week. Cumulus Media also owns and operates Westwood One, a national radio network that provides programming and content to over 7,500 radio stations. In addition to its radio operations, Cumulus Media also owns and operates a number of digital media properties.

Cumulus Media has a market cap of 137.91M as of 2022 and a Return on Equity of 25.91%. The company’s strong financial performance is due in part to its large scale radio operations. Cumulus Media’s stations reach nearly 150 million people each week, and the company also owns and operates Westwood One, a national radio network. In addition to its radio operations, Cumulus Media also owns and operates a number of digital media properties, which gives it a diversified revenue stream.

– Sharpline Broadcast Ltd ($BSE:543341)

The company’s market cap is 124.31M as of 2022. The company’s ROE is 3.53%. The company is engaged in the business of providing radio broadcasting services.

Summary

Assenagon Asset Management S.A. has increased its stock holdings in TEGNA Inc, a media company, according to recent filings. This move by the investment management firm could suggest confidence in the company’s financial outlook and potential for growth. This increase in ownership by Assenagon Asset Management S.A. could indicate that the company is seen as a favorable investment opportunity. Investors may want to keep an eye on TEGNA’s financial performance and future developments as it could potentially impact the value of its stock.