State Street Corp Buys 104,186 Shares of Media General, Inc. (MEG)

State Street Corp boosted its stake in Media General, Inc. (NYSE:MEG) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,869,869 shares of the company’s stock after buying an additional 104,186 shares during the period. State Street Corp’s holdings in Media General were worth $35,207,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Investment Management LLC raised its stake in shares of Media General by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 451,347 shares of the company’s stock valued at $8,318,000 after buying an additional 1,539 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Media General by 0.9% in the third quarter. Teachers Advisors LLC now owns 198,346 shares of the company’s stock valued at $3,656,000 after buying an additional 1,778 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Media General by 0.9% in the third quarter. California State Teachers Retirement System now owns 231,082 shares of the company’s stock valued at $4,259,000 after buying an additional 2,000 shares during the last quarter. BlackRock Inc. raised its stake in shares of Media General by 6.1% in the third quarter. BlackRock Inc. now owns 37,104 shares of the company’s stock valued at $685,000 after buying an additional 2,146 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Media General by 4.0% in the third quarter. Rhumbline Advisers now owns 137,364 shares of the company’s stock valued at $2,532,000 after buying an additional 5,307 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) opened at 18.51 on Friday. Media General, Inc. has a 52 week low of $14.81 and a 52 week high of $19.28. The stock’s 50 day moving average is $18.71 and its 200 day moving average is $17.98.

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

About Media General

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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