Three Bays Capital LP Raised Gray Television (GTN) Holding by $14.54 Million; Portolan Capital Management Has Lifted Its Kemet (KEM) Stake by $3.43 Million; Market Value Rose

August 12, 2018 - By Mark Babin

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Three Bays Capital Lp increased its stake in Gray Television Inc (GTN) by 1407.48% based on its latest 2018Q1 regulatory filing with the SEC. Three Bays Capital Lp bought 1.21M shares as the company’s stock declined 25.73% with the market. The institutional investor held 1.30M shares of the consumer services company at the end of 2018Q1, valued at $16.48 million, up from 86,090 at the end of the previous reported quarter. Three Bays Capital Lp who had been investing in Gray Television Inc for a number of months, seems to be bullish on the $1.42B market cap company. The stock decreased 2.69% or $0.45 during the last trading session, reaching $16.25. About 1.31 million shares traded or 7.32% up from the average. Gray Television, Inc. (NYSE:GTN) has declined 7.32% since August 12, 2017 and is downtrending. It has underperformed by 19.89% the S&P500. Some Historical GTN News: 08/05/2018 – GRAY TELEVISION INC – ANTICIPATE RETRANSMISSION REVENUE, NET OF RETRANSMISSION EXPENSE, ABOUT $178.5 MLN TO $180.0 MLN FOR CALENDAR YEAR 2018; 01/05/2018 – Gray Agrees To Acquire KDLT-TV In Sioux Falls, South Dakota; 19/04/2018 DJ Gray Television Inc Class A, Inst Holders, 1Q 2018 (GTN.A); 21/05/2018 – Gray Television Presenting at Barclays Conference Tomorrow; 01/05/2018 – GRAY AGREES TO BUY KDLT-TV IN SIOUX FALLS, SD; 08/05/2018 – GRAY TELEVISION – ANTICIPATE GROSS RETRANSMISSION REVENUE FOR CALENDAR YEAR 2018 WILL BE WITHIN A RANGE OF ABOUT $350.0 MLN TO $353.0 MLN; 10/05/2018 – Strong Industry Veterans Join Gray To Lead At WOWT In Omaha And KOSA In Odessa-Midland; 08/05/2018 – Gray Television Presenting at Gamco Conference Jun 7; 08/05/2018 – Gray Television 1Q Rev $226.3M; 25/04/2018 – Gray Television stations win 19 regional Edward R. Murrow Awards Plus two of three NABEF Service to America Television Awards

Portolan Capital Management Llc increased its stake in Kemet Corporation (KEM) by 36.06% based on its latest 2018Q1 regulatory filing with the SEC. Portolan Capital Management Llc bought 190,634 shares as the company’s stock rose 3.20% while stock markets declined. The hedge fund held 719,260 shares of the electrical products company at the end of 2018Q1, valued at $13.04M, up from 528,626 at the end of the previous reported quarter. Portolan Capital Management Llc who had been investing in Kemet Corporation for a number of months, seems to be bullish on the $1.37 billion market cap company. The stock decreased 4.99% or $1.25 during the last trading session, reaching $23.82. About 1.90M shares traded or 26.01% up from the average. KEMET Corporation (NYSE:KEM) has risen 37.25% since August 12, 2017 and is uptrending. It has outperformed by 24.68% the S&P500. Some Historical KEM News: 21/03/2018 – KEMET Comments on European Commission Announcement of TOKIN Corp Fine; 28/03/2018 – Album Review: With Sons of Kemet, Shabaka Hutchings Brings London Jazz Into the Spotlight; 16/04/2018 – Kemet Closes Below 200-Day Moving Average: Technicals; 21/03/2018 – Kemet and KEC Weren’t Part of the Investigation by the Commission; 19/03/2018 – OBDUCAT AB OBDUb.NGM – THIS PROJECT IS A COLLABORATION BETWEEN MALMÖ UNIVERSITY, KEMET ELECTRONICS AB AND OBDUCAT TECHNOLOGIES AB; 19/03/2018 – OBDUCAT AB OBDUb.NGM – PROJECT IS A COLLABORATION BETWEEN MALMÖ UNIVERSITY, KEMET ELECTRONICS AB AND OBDUCAT TECHNOLOGIES AB; 06/03/2018 S&P REVISES KEMET CORP. TO RATING ‘B+’ FROM ‘B’; OUTLOOK ‘STABLE’; 22/05/2018 – KEMET Honors Digi-Key with FY18 High Service Distributor of the Year Award; 06/03/2018 – S&PGR Ups KEMET to ‘B+’ On Strong Oper Perf, Lower Leverage; 30/04/2018 – KEMET CFR RAISED TO B1 FROM B3 BY MOODY’S; OUTLOOK STABLE

Among 3 analysts covering Kemet (NYSE:KEM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Kemet had 9 analyst reports since May 23, 2016 according to SRatingsIntel. The stock of KEMET Corporation (NYSE:KEM) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 4. The firm earned “Buy” rating on Monday, May 23 by B. Riley & Co. The firm has “Hold” rating given on Sunday, August 6 by Stifel Nicolaus. The firm has “Hold” rating given on Sunday, September 10 by Stifel Nicolaus. The stock has “Buy” rating by FBR Capital on Friday, February 2. The stock has “Hold” rating by Stifel Nicolaus on Thursday, January 18. The company was maintained on Monday, May 14 by FBR Capital.

More important recent KEMET Corporation (NYSE:KEM) news were published by: Seekingalpha.com which released: “KEMET Corporation (KEM) CEO Per Loof on Q1 2019 Results – Earnings Call Transcript” on July 25, 2018, also Seekingalpha.com published article titled: “KEMET Needs To Make Another Acquisition”, Globenewswire.com published: “KEMET Reports Preliminary Fiscal 2019 First Quarter Results” on July 25, 2018. More interesting news about KEMET Corporation (NYSE:KEM) was released by: Globenewswire.com and their article: “KEMET Institute of Technology Series Begins 35th Season” with publication date: August 09, 2018.

Investors sentiment increased to 1.53 in Q1 2018. Its up 0.10, from 1.43 in 2017Q4. It increased, as 27 investors sold KEM shares while 45 reduced holdings. 46 funds opened positions while 64 raised stakes. 39.63 million shares or 3.33% more from 38.35 million shares in 2017Q4 were reported. The Massachusetts-based Panagora Asset Mgmt has invested 0.01% in KEMET Corporation (NYSE:KEM). Dimensional Fund Advsr Ltd Partnership owns 3.20 million shares. The Massachusetts-based Cadence Cap Management Ltd Liability Co has invested 0.15% in KEMET Corporation (NYSE:KEM). 616,027 were accumulated by Wells Fargo And Company Mn. Hsbc Public Limited Liability reported 13,982 shares stake. Royal Fincl Bank Of Canada holds 8,116 shares or 0% of its portfolio. Thrivent For Lutherans holds 31,632 shares. Rhumbline Advisers reported 0% of its portfolio in KEMET Corporation (NYSE:KEM). New York-based Gabelli Funds Limited Liability Corporation has invested 0.01% in KEMET Corporation (NYSE:KEM). Teacher Retirement Systems Of Texas holds 0% or 11,200 shares in its portfolio. Jacobs Levy Equity Inc stated it has 53,050 shares. Public Employees Retirement Sys Of Ohio accumulated 0% or 21,869 shares. Citigroup stated it has 73,558 shares. Millennium Mgmt Ltd Liability reported 0.01% in KEMET Corporation (NYSE:KEM). Paloma Partners Management Com stated it has 11,041 shares or 0% of all its holdings.

Since February 12, 2018, it had 0 insider purchases, and 10 selling transactions for $4.23 million activity. 6,100 shares valued at $114,071 were sold by LOWE WILLIAM M JR on Tuesday, May 22. Lollini Claudio sold $220,460 worth of KEMET Corporation (NYSE:KEM) on Thursday, June 7. $337,800 worth of stock was sold by Assaf Ronald James on Wednesday, February 14. 24,999 shares were sold by BEDI GURMINDER S, worth $501,634 on Wednesday, March 21. Meeks Charles C. JR had sold 15,000 shares worth $306,822 on Friday, June 1.

Portolan Capital Management Llc, which manages about $535.17M and $912.92M US Long portfolio, decreased its stake in Genesco Inc. (NYSE:GCO) by 8,059 shares to 29,855 shares, valued at $1.21M in 2018Q1, according to the filing. It also reduced its holding in Fifth Third Bancorp (NASDAQ:FITB) by 77,471 shares in the quarter, leaving it with 157,994 shares, and cut its stake in Nutanix Inc..

Among 9 analysts covering Gray Television (NYSE:GTN), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Gray Television had 16 analyst reports since November 18, 2015 according to SRatingsIntel. RBC Capital Markets maintained Gray Television, Inc. (NYSE:GTN) rating on Tuesday, September 26. RBC Capital Markets has “Buy” rating and $17.0 target. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, August 8. RBC Capital Markets maintained it with “Buy” rating and $1600 target in Wednesday, June 14 report. The stock of Gray Television, Inc. (NYSE:GTN) earned “Buy” rating by RBC Capital Markets on Tuesday, November 7. The firm has “Buy” rating by Guggenheim given on Monday, January 22. The rating was initiated by Stephens with “Overweight” on Wednesday, November 18. The stock of Gray Television, Inc. (NYSE:GTN) has “Outperform” rating given on Tuesday, June 26 by Wells Fargo. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, July 18 report. The stock has “Buy” rating by Guggenheim on Wednesday, February 28. Singular Research initiated the shares of GTN in report on Monday, December 7 with “Buy” rating.

Since March 15, 2018, it had 1 buying transaction, and 0 selling transactions for $95,282 activity.

More news for Gray Television, Inc. (NYSE:GTN) were recently published by: Streetinsider.com, which released: “US broadcasters in line for political ad windfall” on August 10, 2018. Seekingalpha.com‘s article titled: “Gray Television, Inc. (GTN) CEO Hilton Howell on Q2 2018 Results – Earnings Call Transcript” and published on August 12, 2018 is yet another important article.

Gray Television, Inc. (NYSE:GTN) Institutional Positions Chart

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