Charles Schwab Investment Management Inc. Trims Stake in Gannett Co., Inc. (NYSE:GCI)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,996,590 shares of the company's stock after selling 579,142 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.35% of Gannett worth $10,103,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Gannett in the 3rd quarter worth about $45,000. Ieq Capital LLC bought a new position in Gannett during the fourth quarter valued at approximately $54,000. PEAK6 Investments LLC purchased a new position in shares of Gannett during the third quarter worth approximately $57,000. Paloma Partners Management Co bought a new stake in shares of Gannett in the 3rd quarter worth approximately $66,000. Finally, Cambiar Investors LLC boosted its stake in shares of Gannett by 27.2% in the 4th quarter. Cambiar Investors LLC now owns 13,558 shares of the company's stock valued at $69,000 after purchasing an additional 2,898 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors.

Gannett Trading Down 0.8 %

Shares of GCI stock traded down $0.03 during mid-day trading on Wednesday, reaching $3.09. The stock had a trading volume of 1,093,537 shares, compared to its average volume of 1,307,082. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59. The stock's 50-day moving average price is $4.17 and its two-hundred day moving average price is $4.87. The firm has a market capitalization of $454.63 million, a PE ratio of -5.71 and a beta of 2.48. Gannett Co., Inc. has a 52-week low of $2.22 and a 52-week high of $5.93.

Gannett (NYSE:GCI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%. The business had revenue of $621.28 million during the quarter, compared to analysts' expectations of $635.09 million.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a "market outperform" rating and set a $6.00 price target on shares of Gannett in a research report on Monday, January 27th.

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.