Media General, Inc. (MEG) is Teton Advisors Inc.’s 6th Largest Position

Teton Advisors Inc. reduced its position in shares of Media General, Inc. (NYSE:MEG) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 799,104 shares of the company’s stock after selling 97,000 shares during the period. Media General accounts for 1.5% of Teton Advisors Inc.’s portfolio, making the stock its 6th largest position. Teton Advisors Inc.’s holdings in Media General were worth $15,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MEG. Vanguard Group Inc. increased its position in Media General by 10.1% in the second quarter. Vanguard Group Inc. now owns 6,818,694 shares of the company’s stock worth $117,213,000 after buying an additional 624,069 shares during the period. CNH Partners LLC increased its position in shares of Media General by 7.4% in the second quarter. CNH Partners LLC now owns 3,104,515 shares of the company’s stock valued at $53,367,000 after buying an additional 213,880 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Media General by 8.3% in the third quarter. BlackRock Fund Advisors now owns 2,855,300 shares of the company’s stock valued at $52,623,000 after buying an additional 218,555 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Media General by 5.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,668,918 shares of the company’s stock valued at $49,188,000 after buying an additional 143,542 shares during the last quarter. Finally, TIG Advisors LLC increased its position in shares of Media General by 3.3% in the second quarter. TIG Advisors LLC now owns 2,491,631 shares of the company’s stock valued at $42,831,000 after buying an additional 79,722 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Media General (NYSE:MEG)

Shares of Media General, Inc. (NYSE:MEG) remained flat at $18.51 during mid-day trading on Monday. The company has a 50 day moving average price of $18.71 and a 200 day moving average price of $17.98. Media General, Inc. has a 52 week low of $14.81 and a 52 week high of $19.28.

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Separately, Zacks Investment Research raised shares of Media General from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th.

In other Media General news, VP Deborah A. Mcdermott sold 4,545 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $18.75, for a total transaction of $85,218.75. Following the transaction, the vice president now owns 3,545 shares of the company’s stock, valued at approximately $66,468.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director General L.P. Standard sold 794,289 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $18.35, for a total value of $14,575,203.15. The disclosure for this sale can be found here. Insiders own 16.50% of the company’s stock.

Media General Company Profile

Media General, Inc is a television broadcasting and digital media company. The Company provides news, information and entertainment in markets across the United States. The Company operates or services 71 network-affiliated broadcast television stations in 48 markets along with the digital media business.

5 Day Chart for NYSE:MEG

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