Gannett Co., Inc. (NYSE:GCI) Shares Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. increased its position in Gannett Co., Inc. (NYSE:GCI - Free Report) by 9,629.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 178,928 shares of the company's stock after purchasing an additional 177,089 shares during the period. Gannett accounts for about 1.4% of Hanseatic Management Services Inc.'s holdings, making the stock its 23rd biggest holding. Hanseatic Management Services Inc. owned 0.12% of Gannett worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GCI. Cambiar Investors LLC purchased a new stake in Gannett during the 2nd quarter valued at approximately $49,000. nVerses Capital LLC purchased a new stake in Gannett during the 3rd quarter valued at approximately $55,000. Dark Forest Capital Management LP purchased a new stake in Gannett during the 2nd quarter valued at approximately $57,000. Sei Investments Co. purchased a new stake in Gannett during the 2nd quarter valued at approximately $64,000. Finally, Point72 Asset Management L.P. purchased a new stake in Gannett during the 2nd quarter valued at approximately $76,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JMP Securities upgraded Gannett to a "strong-buy" rating in a research report on Friday, August 2nd. Citigroup upgraded Gannett from a "sell" rating to a "neutral" rating and set a $5.10 target price on the stock in a research report on Tuesday, September 17th.

Gannett Stock Performance

NYSE GCI traded up $0.17 on Thursday, hitting $5.46. 1,119,862 shares of the company's stock were exchanged, compared to its average volume of 1,250,346. The firm has a market cap of $804.86 million, a price-to-earnings ratio of -6.74 and a beta of 2.51. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. The firm's 50-day moving average price is $5.27 and its two-hundred day moving average price is $4.55. Gannett Co., Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $5.93.

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.