Renaissance Technologies LLC Purchases 233,420 Shares of Gannett Co., Inc. (NYSE:GCI)

Renaissance Technologies LLC lifted its holdings in Gannett Co., Inc. (NYSE:GCI - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,551,020 shares of the company's stock after purchasing an additional 233,420 shares during the period. Renaissance Technologies LLC owned 1.05% of Gannett worth $7,848,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Gannett by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 8,093,262 shares of the company's stock valued at $40,952,000 after purchasing an additional 82,094 shares during the period. State Street Corp boosted its holdings in Gannett by 3.0% during the third quarter. State Street Corp now owns 4,058,266 shares of the company's stock valued at $22,807,000 after acquiring an additional 116,716 shares during the period. Invesco Ltd. grew its position in shares of Gannett by 6.0% in the fourth quarter. Invesco Ltd. now owns 1,279,196 shares of the company's stock valued at $6,473,000 after purchasing an additional 72,088 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Gannett by 5.1% in the fourth quarter. Empowered Funds LLC now owns 932,992 shares of the company's stock worth $4,721,000 after purchasing an additional 45,546 shares during the period. Finally, ExodusPoint Capital Management LP lifted its position in shares of Gannett by 1,166.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 370,875 shares of the company's stock worth $1,877,000 after purchasing an additional 341,598 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors.

Gannett Stock Performance

NYSE GCI traded up $0.06 during midday trading on Wednesday, hitting $3.53. The company had a trading volume of 291,350 shares, compared to its average volume of 1,449,981. The firm has a fifty day simple moving average of $3.41 and a two-hundred day simple moving average of $4.54. Gannett Co., Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59. The stock has a market cap of $516.92 million, a price-to-earnings ratio of -6.54 and a beta of 2.21.

Gannett (NYSE:GCI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.10. The business 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%.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a "market outperform" rating and issued 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.