Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 265,000 shares of the company's stock, valued at approximately $1,489,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.18% of Gannett as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Troluce Capital Advisors LLC purchased a new stake in Gannett during the second quarter worth $8,659,000. D. E. Shaw & Co. Inc. raised its position in shares of Gannett by 28.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 5,174,914 shares of the company's stock worth $23,856,000 after acquiring an additional 1,149,459 shares in the last quarter. Murchinson Ltd. purchased a new stake in shares of Gannett during the 2nd quarter worth $2,536,000. Cubist Systematic Strategies LLC boosted its position in Gannett by 36,203.8% during the second quarter. Cubist Systematic Strategies LLC now owns 259,935 shares of the company's stock valued at $1,198,000 after purchasing an additional 259,219 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Gannett by 1,200.4% in the second quarter. Squarepoint Ops LLC now owns 254,545 shares of the company's stock valued at $1,173,000 after purchasing an additional 234,971 shares during the last quarter. Institutional investors own 76.71% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price objective for the company in a report on Tuesday, September 17th.
Check Out Our Latest Stock Report on GCI
Gannett Stock Performance
Shares of NYSE GCI traded up $0.11 during trading on Monday, reaching $5.30. 1,051,730 shares of the company traded hands, compared to its average volume of 1,224,262. The stock has a market cap of $781.27 million, a P/E ratio of -6.41 and a beta of 2.51. The firm's fifty day simple moving average is $5.37 and its 200 day simple moving average is $4.83. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88. Gannett Co., Inc. has a 12-month low of $1.86 and a 12-month high of $5.93.
About Gannett
(
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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