Today's noteworthy initiations include: 8point3 Energy Partners (CAFD) initiated with a Neutral at UBS... American Water (AWK) initiated with a Neutral at Goldman... Arc Logistics (ARCX) initiated with a Buy at SunTrust... Babcock & Wilcox (BWC) initiated with an Overweight at KeyBanc... Black Knight Financial (BKFS) initiated with a Buy at Monness Crespi... Brooks Automation (BRKS) initiated with a Hold at Deutsche Bank... Cenovus Energy (CVE) initiated with a Sell at Goldman... Chimera (CIM) initiated with a Buy at Nomura... Diplomat Pharmacy (DPLO) initiated with a Buy at Mizuho... E.W. Scripps (SSP) initiated with a Hold at Jefferies... Entegris (ENTG) initiated with a Sector Weight at Pacific Crest... KMG Chemicals (KMG) initiated with a Neutral at Global Hunter... Kearny Financial (KRNY) initiated with a Buy at Sandler O'Neill... Murphy USA (MUSA) initiated with a Market Perform at Wells Fargo... NGL Energy Partners (NGL) initiated with a Hold at Stifel... Organovo (ONVO) initiated with a Buy at Jefferies... OvaScience (OVAS) initiated with a Neutral at JPMorgan... PROS (PRO) initiated with a Buy at Needham... PennTex (PTXP) initiated with a Buy at Citi... PennyMac Mortgage (PMT) initiated with a Neutral at Nomura... Pernix Therapeutics (PTX) initiated with a Buy at Brean Capital... Rouse Properties (RSE) initiated with an Overweight at Barclays... SciClone (SCLN) initiated with a Buy at MLV & Co.... Suncor (SU) initiated with a Buy at Goldman... SuperCom (SPCB) initiated with an Outperform at Cowen... TRI Pointe (TPH) initiated with a Buy at Gabelli... Tegna (TGNA) initiated with a Buy at Jefferies... Two Harbors (TWO) initiated with a Neutral at Nomura... Xenia Hotels & Resorts (XHR) initiated with an Equal Weight at Morgan Stanley.

Tegna announced new multi-year agreements with the Seattle Kraken and Prime Video for fans to watch their games throughout the Pacific Northwest. Starting next season, Tegna stations KING 5 and KONG in Seattle will broadcast all non-nationally televised games for free over the air. KING 5 becomes the official television partner of the Seattle Kraken. In addition, Prime Video will stream all non-nationally televised games for Prime members in Washington, Oregon and Alaska, which will include pre-season, regular season and the first round of playoffs. Tegna will work with additional broadcast companies in the coming weeks to expand free over-the-air broadcast access to all available television markets in Washington, Oregon and Alaska.

Total assets were $7.84 billion at March 31, 2024, a decrease of $55.9 million, or 0.7%, from December 31, 2023. For the quarter ended March 31, 2024, book value per share increased $0.02, or 0.2%, to $13.18 while tangible book value per share increased $0.02, or 0.2%, to $9.87. Craig Montanaro, President and Chief Executive Officer, commented, "Once again uncertainty remains on the forefront of conversations taking place on Main Street and on Wall Street. As a company we manage through such challenging periods by staying true to our guiding principles, which have endured since our founding 140 years ago this month: prudent risk management, conservative posturing and an unwavering commitment to our depositors, borrowers, employees and communities."

Sees 2024 home average price $660K-$670K Expects 2024 homebuilding gross margin percentage of 22.5%-23.5% and anticipates SG&A expense as a percentage of home sales revenue of 10.5%-11.0%.

Shareholders of TEGNA Inc. overwhelmingly approved the re-election of nine Board members and an advisory resolution on the compensation of the company's named executive officers. TEGNA shareholders re-elected Board Chairman Howard D. Elias, president and CEO Dave Lougee, Gina L. Bianchini, Stuart J. Epstein, Karen H. Grimes, Scott K. McCune, Henry W. McGee, Neal B. Shapiro and Melinda C. Witmer to the Board of Directors at the company's annual meeting held this morning. Directors will serve one-year terms ending at TEGNA's 2025 annual meeting.