Gannett Co., Inc. (NYSE:GCI - Get Free Report) shares rose 5.5% on Wednesday . The company traded as high as $5.77 and last traded at $5.77. Approximately 168,679 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,179,972 shares. The stock had previously closed at $5.47.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Citigroup raised shares of 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. JMP Securities raised Gannett to a "strong-buy" rating in a research report on Friday, August 2nd.
Read Our Latest Stock Report on Gannett
Gannett Stock Up 2.7 %
The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.75 and a current ratio of 0.79. The company has a market capitalization of $828.48 million, a PE ratio of -6.76 and a beta of 2.48. The company's 50-day moving average is $4.77 and its 200 day moving average is $3.75.
Gannett (NYSE:GCI - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.25. The company had revenue of $639.84 million during the quarter. Gannett had a negative net margin of 3.71% and a negative return on equity of 17.12%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GCI. Simplicity Wealth LLC purchased a new position in Gannett in the 1st quarter worth about $25,000. Cambiar Investors LLC bought a new stake in shares of Gannett in the second quarter worth approximately $49,000. Focus Financial Network Inc. ADV purchased a new position in shares of Gannett during the fourth quarter valued at approximately $25,000. Dark Forest Capital Management LP purchased a new stake in Gannett in the second quarter worth approximately $57,000. Finally, Sei Investments Co. bought a new stake in Gannett in the 2nd quarter worth approximately $64,000. 76.71% of the stock is owned by institutional investors.
About Gannett
(
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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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