Gannett (NYSE:GCI) Hits New 12-Month High at $4.61

Gannett Co., Inc. (NYSE:GCI - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $4.61 and last traded at $4.60, with a volume of 2145979 shares trading hands. The stock had previously closed at $4.51.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Gannett from a "sell" rating to a "neutral" rating and raised their price objective for the company from $1.95 to $3.60 in a research report on Friday, May 24th.

Gannett Stock Up 1.9 %

The company has a market cap of $677.99 million, a P/E ratio of -5.28 and a beta of 2.43. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 4.16. The firm's 50 day moving average price is $3.54 and its 200-day moving average price is $2.73.

Gannett (NYSE:GCI - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $635.76 million during the quarter. Gannett had a negative net margin of 4.67% and a negative return on equity of 27.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GCI. Simplicity Wealth LLC bought a new position in Gannett during the 1st quarter worth approximately $25,000. Focus Financial Network Inc. ADV bought a new position in Gannett during the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC boosted its stake in Gannett by 108.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 29,008 shares of the company's stock worth $67,000 after acquiring an additional 15,066 shares during the last quarter. Aigen Investment Management LP bought a new position in Gannett during the 3rd quarter worth approximately $69,000. Finally, Numerai GP LLC bought a new position in Gannett during the 3rd quarter worth approximately $77,000. Institutional investors own 76.71% of the company's stock.

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.