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.
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