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.
See Also
Before you consider Gannett, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gannett wasn't on the list.
While Gannett currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
