Cubist Systematic Strategies LLC raised its position in Gannett Co., Inc. (NYSE:GCI - Free Report) by 36,203.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,935 shares of the company's stock after purchasing an additional 259,219 shares during the quarter. Cubist Systematic Strategies LLC owned 0.18% of Gannett worth $1,198,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Focus Financial Network Inc. ADV acquired a new position in shares of Gannett during the fourth quarter worth about $25,000. Cambiar Investors LLC acquired a new position in Gannett during the 2nd quarter worth approximately $49,000. Sei Investments Co. purchased a new position in Gannett in the 2nd quarter worth approximately $64,000. 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 valued at $84,000 after acquiring an additional 7,952 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Gannett by 9.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company's stock valued at $216,000 after purchasing an additional 7,732 shares during the period. 76.71% of the stock is owned by institutional investors and hedge funds.
Gannett Stock Down 2.0 %
Shares of NYSE:GCI traded down $0.11 during midday trading on Thursday, reaching $5.43. The company had a trading volume of 748,440 shares, compared to its average volume of 1,227,930. The stock has a market capitalization of $801.19 million, a P/E ratio of -6.24 and a beta of 2.48. The stock's fifty day moving average price is $4.93 and its 200-day moving average price is $4.01. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.79 and a quick ratio of 0.75. Gannett Co., Inc. has a one year low of $1.66 and a one year high of $5.93.
Gannett (NYSE:GCI - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.25. The business had revenue of $639.84 million for the quarter. Gannett had a negative net margin of 3.71% and a negative return on equity of 17.12%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on GCI shares. JMP Securities raised shares of Gannett to a "strong-buy" rating in a report on Friday, August 2nd. Citigroup raised shares of Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price objective for the company in a research report on Tuesday, September 17th.
Read Our Latest Research Report on GCI
Gannett Company Profile
(
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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