Dimensional Fund Advisors LP Grows Position in Gannett Co., Inc. (NYSE:GCI)

Dimensional Fund Advisors LP lifted its stake in Gannett Co., Inc. (NYSE:GCI - Free Report) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,979,617 shares of the company's stock after acquiring an additional 229,539 shares during the period. Dimensional Fund Advisors LP owned approximately 3.37% of Gannett worth $22,954,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GCI. Cambiar Investors LLC purchased a new stake in Gannett in the 2nd quarter worth approximately $49,000. Simplicity Wealth LLC boosted its stake in Gannett by 77.9% during the second quarter. Simplicity Wealth LLC now owns 18,166 shares of the company's stock valued at $84,000 after buying an additional 7,952 shares during the period. Price T Rowe Associates Inc. MD grew its position in Gannett by 9.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company's stock worth $216,000 after buying an additional 7,732 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Gannett during the first quarter worth about $236,000. Finally, Bailard Inc. bought a new position in Gannett in the 2nd quarter worth about $260,000. 76.71% of the stock is owned by institutional investors.

Gannett Trading Up 4.9 %

Shares of GCI stock traded up $0.27 during mid-day trading on Friday, reaching $5.70. The stock had a trading volume of 642,692 shares, compared to its average volume of 1,224,882. The firm has a market capitalization of $840.29 million, a PE ratio of -6.54 and a beta of 2.48. The stock's 50-day moving average price is $4.94 and its two-hundred day moving average price is $4.02. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 3.83. Gannett Co., Inc. has a 52-week low of $1.66 and a 52-week high of $5.93.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup raised shares of Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price target on the stock in a report on Tuesday, September 17th. JMP Securities raised Gannett to a "strong-buy" rating in a research note on Friday, August 2nd.

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.