ExodusPoint Capital Management LP Has $1.88 Million Stake in Gannett Co., Inc. (NYSE:GCI)

ExodusPoint Capital Management LP boosted its holdings in Gannett Co., Inc. (NYSE:GCI - Free Report) by 1,166.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,875 shares of the company's stock after acquiring an additional 341,598 shares during the period. ExodusPoint Capital Management LP owned about 0.25% of Gannett worth $1,877,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GCI. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Gannett during the 3rd quarter worth $45,000. Quantbot Technologies LP bought a new position in shares of Gannett during the fourth quarter worth about $51,000. Ieq Capital LLC acquired a new stake in shares of Gannett in the 4th quarter worth about $54,000. Xponance Inc. bought a new stake in Gannett in the 4th quarter valued at about $56,000. Finally, Cibc World Markets Corp acquired a new position in Gannett during the 4th quarter valued at about $67,000. 76.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Gannett Trading Up 4.9 %

Shares of NYSE:GCI traded up $0.13 during midday trading on Monday, reaching $2.80. The company had a trading volume of 173,990 shares, compared to its average volume of 1,413,451. The company has a debt-to-equity ratio of 6.59, a quick ratio of 0.74 and a current ratio of 0.78. Gannett Co., Inc. has a 1-year low of $2.26 and a 1-year high of $5.93. The firm has a market cap of $412.63 million, a price-to-earnings ratio of -5.19 and a beta of 2.21. The company has a fifty day simple moving average of $3.61 and a two-hundred day simple moving average of $4.64.

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Gannett (NYSE:GCI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.10. The firm had revenue of $621.28 million for the quarter, compared to the consensus estimate of $635.09 million. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%.

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.