Gannett (NYSE:GCI) Stock Price Down 4.3%

Gannett Co., Inc. (NYSE:GCI - Get Free Report)'s share price traded down 4.3% during trading on Friday . The stock traded as low as $5.35 and last traded at $5.37. 444,262 shares traded hands during trading, a decline of 63% from the average session volume of 1,197,946 shares. The stock had previously closed at $5.61.

Analyst Ratings Changes

GCI has been the subject of a number of research reports. Citigroup raised Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price target for the company in a research note on Tuesday. JMP Securities raised Gannett to a "strong-buy" rating in a report on Friday, August 2nd.

Gannett Stock Down 7.0 %

The business's 50 day moving average is $4.81 and its 200 day moving average is $3.78. 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 stock has a market cap of $770.20 million, a price-to-earnings ratio of -6.03 and a beta of 2.48.

Gannett (NYSE:GCI - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter.

Institutional Investors Weigh In On Gannett

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its holdings in shares of Gannett by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 231,252 shares of the company's stock valued at $1,066,000 after buying an additional 3,333 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Gannett by 9.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company's stock valued at $216,000 after acquiring an additional 7,732 shares during the last quarter. Simplicity Wealth LLC grew its position in Gannett by 77.9% in the second quarter. Simplicity Wealth LLC now owns 18,166 shares of the company's stock worth $84,000 after acquiring an additional 7,952 shares in the last quarter. Cambiar Investors LLC acquired a new position in shares of Gannett during the 2nd quarter worth $49,000. Finally, Focus Financial Network Inc. ADV bought a new position in shares of Gannett during the 4th quarter valued at $25,000. Hedge funds and other 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.