GSA Capital Partners LLP Has $1.71 Million Holdings in Gannett Co., Inc. (NYSE:GCI)

GSA Capital Partners LLP lowered its stake in Gannett Co., Inc. (NYSE:GCI - Free Report) by 47.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 303,831 shares of the company's stock after selling 275,936 shares during the quarter. GSA Capital Partners LLP owned approximately 0.21% of Gannett worth $1,708,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of GCI. Rhumbline Advisers raised its stake in Gannett by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 231,252 shares of the company's stock valued at $1,066,000 after purchasing an additional 3,333 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its stake in Gannett by 0.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 515,066 shares of the company's stock worth $2,895,000 after purchasing an additional 4,200 shares during the period. Price T Rowe Associates Inc. MD grew its position in Gannett by 9.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company's stock valued at $216,000 after acquiring an additional 7,732 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of Gannett by 77.9% in the second quarter. Simplicity Wealth LLC now owns 18,166 shares of the company's stock worth $84,000 after buying an additional 7,952 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Gannett during the third quarter worth about $55,000. Hedge funds and other institutional investors own 76.71% of the company's stock.

Gannett Stock Performance

Shares of Gannett stock traded down $0.27 during trading on Wednesday, reaching $5.20. The company's stock had a trading volume of 1,072,988 shares, compared to its average volume of 1,249,671. The business's fifty day moving average price is $5.29 and its 200-day moving average price is $4.64. Gannett Co., Inc. has a one year low of $1.80 and a one year high of $5.93. The firm has a market cap of $766.54 million, a price-to-earnings ratio of -6.72 and a beta of 2.51. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79.

Wall Street Analysts Forecast Growth

GCI has been the subject of several recent analyst reports. Citigroup raised Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price target for the company in a research note on Tuesday, September 17th. JMP Securities raised Gannett to a "strong-buy" rating in a research note on Friday, August 2nd.

Gannett Company 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.