Barclays PLC increased its stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 341.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,056 shares of the company's stock after buying an additional 168,711 shares during the period. Barclays PLC owned about 0.15% of Gannett worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GCI. XTX Topco Ltd boosted its position in Gannett by 42.4% during the third quarter. XTX Topco Ltd now owns 94,913 shares of the company's stock worth $533,000 after purchasing an additional 28,271 shares in the last quarter. Tenzing Global Management LLC acquired a new stake in Gannett in the 3rd quarter valued at about $1,686,000. State Street Corp increased its holdings in Gannett by 3.0% during the 3rd 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 in the last quarter. Pingora Partners LLC increased its holdings in Gannett by 5.4% during the 3rd quarter. Pingora Partners LLC now owns 109,787 shares of the company's stock valued at $617,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Gannett during the third quarter worth about $334,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised shares of Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price objective for the company in a research note on Tuesday, September 17th.
Read Our Latest Analysis on GCI
Gannett Price Performance
Shares of GCI traded down $0.03 during trading hours on Monday, reaching $4.95. 728,314 shares of the company traded hands, compared to its average volume of 1,211,246. The stock has a market capitalization of $729.68 million, a PE ratio of -6.11 and a beta of 2.55. The stock has a fifty day simple moving average of $5.26 and a 200 day simple moving average of $5.03. Gannett Co., Inc. has a fifty-two week low of $1.95 and a fifty-two week high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.88.
Gannett Profile
(
Free Report)
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.
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