Gannett (NYSE:GCI) Shares Gap Up to $4.55

Gannett Co., Inc. (NYSE:GCI - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $4.55, but opened at $4.68. Gannett shares last traded at $4.66, with a volume of 132,475 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JMP Securities raised Gannett to a "strong-buy" rating in a report on Friday, August 2nd. Citigroup lowered Gannett from a "neutral" rating to a "sell" rating and set a $5.10 target price on the stock. in a research report on Wednesday, August 28th.

Gannett Stock Up 1.4 %

The stock has a market capitalization of $681.17 million, a price-to-earnings ratio of -5.21 and a beta of 2.48. 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 business has a fifty day moving average of $4.75 and a 200 day moving average of $3.71.

Gannett (NYSE:GCI - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.25. Gannett had a negative net margin of 3.71% and a negative return on equity of 17.12%. The company had revenue of $639.84 million for the quarter.

Institutional Trading of Gannett

Several hedge funds have recently made changes to their positions in GCI. Apollo Management Holdings L.P. raised its stake in shares of Gannett by 34.8% in the fourth quarter. Apollo Management Holdings L.P. now owns 11,589,025 shares of the company's stock valued at $26,655,000 after acquiring an additional 2,994,806 shares in the last quarter. Troluce Capital Advisors LLC acquired a new stake in shares of Gannett during the second quarter worth about $8,659,000. D. E. Shaw & Co. Inc. increased its position in Gannett by 28.6% during the second 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. GSA Capital Partners LLP increased its holdings in shares of Gannett by 103.2% in the 4th quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company's stock valued at $2,523,000 after acquiring an additional 557,079 shares during the period. Finally, Murchinson Ltd. purchased a new stake in shares of Gannett in the second quarter valued at about $2,536,000. Institutional investors and hedge funds 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.