Troluce Capital Advisors LLC Takes $8.66 Million Position in Gannett Co., Inc. (NYSE:GCI)

Troluce Capital Advisors LLC purchased a new stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,878,267 shares of the company's stock, valued at approximately $8,659,000. Gannett comprises about 0.8% of Troluce Capital Advisors LLC's investment portfolio, making the stock its 28th largest position. Troluce Capital Advisors LLC owned about 1.27% of Gannett at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Focus Financial Network Inc. ADV bought a new position in shares of Gannett in the fourth quarter valued at about $25,000. Cambiar Investors LLC acquired a new position in shares of Gannett during the second quarter worth approximately $49,000. Sei Investments Co. bought a new stake in shares of Gannett during the second quarter valued at approximately $64,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gannett in the fourth quarter valued at approximately $82,000. Finally, Simplicity Wealth LLC raised its position in Gannett by 77.9% in the 2nd quarter. Simplicity Wealth LLC now owns 18,166 shares of the company's stock worth $84,000 after purchasing an additional 7,952 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on GCI shares. Citigroup raised Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price objective for the company in a report on Tuesday, September 17th. JMP Securities upgraded shares of Gannett to a "strong-buy" rating in a report on Friday, August 2nd.

Gannett Stock Down 2.7 %

Shares of Gannett stock traded down $0.15 on Wednesday, hitting $5.45. The company had a trading volume of 1,395,433 shares, compared to its average volume of 1,226,840. Gannett Co., Inc. has a twelve month low of $1.66 and a twelve month high of $5.93. 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 stock has a 50-day moving average of $4.84 and a 200-day moving average of $3.88. The firm has a market capitalization of $804.42 million, a P/E ratio of -6.26 and a beta of 2.48.

Gannett (NYSE:GCI - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, topping 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 company had revenue of $639.84 million during the quarter.

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.