Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Tegna Inc (NYSE: TGNA)
Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network and Quest. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.
A quick look at the price chart below for Tegna Inc shows us that the stock is up 80% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.07, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Tegna Inc include:
(Shares)
John Rogers – 7,555,142
Barry Rosenstein – 1,703,455
Cliff Asness – 1,086,460
Jeremy Grantham – 970,105
Mario Gabelli – 961,575
Jim Simons – 763,100
Israel Englander – 584,070
Louis Bacon – 456,500
Ray Dalio – 60,681
Paul Tudor Jones – 60,018
Joel Greenblatt – 28,552
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