Murchinson Ltd. lessened its position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 18.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,000 shares of the company's stock after selling 100,000 shares during the quarter. Gannett comprises 0.7% of Murchinson Ltd.'s holdings, making the stock its 20th biggest position. Murchinson Ltd. owned 0.31% of Gannett worth $2,529,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GCI. Troluce Capital Advisors LLC bought a new position in shares of Gannett during the 2nd quarter worth approximately $8,659,000. D. E. Shaw & Co. Inc. raised its stake in shares of Gannett by 28.6% during 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. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Gannett during the 3rd quarter worth approximately $1,489,000. Cubist Systematic Strategies LLC raised its stake in shares of Gannett by 36,203.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 259,935 shares of the company's stock worth $1,198,000 after acquiring an additional 259,219 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Gannett by 1,200.4% during the 2nd quarter. Squarepoint Ops LLC now owns 254,545 shares of the company's stock worth $1,173,000 after acquiring an additional 234,971 shares in the last quarter. Institutional investors own 76.71% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded shares of Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price target on the stock in a research note on Tuesday, September 17th.
Get Our Latest Stock Analysis on Gannett
Gannett Stock Performance
Gannett stock traded up $0.14 during mid-day trading on Wednesday, reaching $5.36. 380,051 shares of the company traded hands, compared to its average volume of 1,218,056. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. Gannett Co., Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $5.93. The company has a market capitalization of $790.12 million, a price-to-earnings ratio of -6.42 and a beta of 2.55. The firm's fifty day moving average is $5.36 and its two-hundred day moving average is $4.86.
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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