Charles Schwab Investment Management Inc. Has $14.48 Million Position in Gannett Co., Inc. (NYSE:GCI)

Charles Schwab Investment Management Inc. decreased its holdings in Gannett Co., Inc. (NYSE:GCI - Free Report) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,575,732 shares of the company's stock after selling 502,704 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.75% of Gannett worth $14,476,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Troluce Capital Advisors LLC bought a new position in Gannett during the 2nd quarter valued at about $8,659,000. D. E. Shaw & Co. Inc. raised its stake in shares of Gannett by 28.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 5,174,914 shares of the company's stock valued at $23,856,000 after acquiring an additional 1,149,459 shares during the last quarter. Murchinson Ltd. acquired a new position in shares of Gannett in the 2nd quarter worth approximately $2,536,000. Cubist Systematic Strategies LLC grew its position in Gannett by 36,203.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 259,935 shares of the company's stock worth $1,198,000 after acquiring an additional 259,219 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Gannett by 1,200.4% during the 2nd quarter. Squarepoint Ops LLC now owns 254,545 shares of the company's stock valued at $1,173,000 after purchasing an additional 234,971 shares in the last quarter. 76.71% of the stock is owned by institutional investors.

Gannett Price Performance

Shares of GCI stock traded up $0.15 during trading hours on Monday, reaching $5.44. 786,971 shares of the company were exchanged, compared to its average volume of 1,211,878. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. The stock's fifty day moving average is $5.35 and its two-hundred day moving average is $4.90. Gannett Co., Inc. has a fifty-two week low of $1.89 and a fifty-two week high of $5.93.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Gannett from a "sell" rating to a "neutral" rating and set a $5.10 target price on the stock in a report on Tuesday, September 17th.

Gannett Profile

Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.