Gannett Co., Inc. (NYSE:GCI - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $5.81, but opened at $5.23. Gannett shares last traded at $5.21, with a volume of 245,681 shares traded.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. JMP Securities raised Gannett to a "strong-buy" rating in a research note on Friday, August 2nd. Citigroup raised Gannett from a "sell" rating to a "neutral" rating and set a $5.10 target price for the company in a research note on Tuesday, September 17th.
View Our Latest Stock Analysis on GCI
Gannett Stock Performance
The firm has a market capitalization of $698.89 million, a PE ratio of -6.96 and a beta of 2.49. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.79 and a quick ratio of 0.75. The firm has a fifty day moving average price of $5.31 and a 200 day moving average price of $4.46.
Gannett (NYSE:GCI - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.25. Gannett had a negative return on equity of 17.12% and a negative net margin of 3.71%. The business had revenue of $639.84 million during the quarter.
Institutional Investors Weigh In On Gannett
A number of hedge funds and other institutional investors have recently made changes to their positions in GCI. Apollo Management Holdings L.P. grew its holdings in Gannett by 6.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 12,292,642 shares of the company's stock valued at $29,994,000 after buying an additional 703,617 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position 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 buying an additional 1,149,459 shares during the period. Dimensional Fund Advisors LP raised its position in Gannett by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,979,617 shares of the company's stock valued at $22,954,000 after purchasing an additional 229,539 shares during the last quarter. Troluce Capital Advisors LLC bought a new position in Gannett in the 2nd quarter valued at $8,659,000. Finally, Millennium Management LLC raised its position in Gannett by 18.9% in the 2nd quarter. Millennium Management LLC now owns 1,118,284 shares of the company's stock valued at $5,155,000 after purchasing an additional 177,446 shares during the last quarter. 76.71% of the stock is owned by hedge funds and other institutional investors.
About Gannett
(
Get 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
MarketBeat's analysts have just released their top five short plays for November 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
