Squarepoint Ops LLC Acquires 234,971 Shares of Gannett Co., Inc. (NYSE:GCI)

Squarepoint Ops LLC raised its position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 1,200.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 254,545 shares of the company's stock after purchasing an additional 234,971 shares during the period. Squarepoint Ops LLC owned 0.17% of Gannett worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP boosted its holdings in shares of Gannett by 103.2% in the fourth quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company's stock worth $2,523,000 after acquiring an additional 557,079 shares during the period. Kennedy Capital Management LLC bought a new position in shares of Gannett in the first quarter worth $394,000. Renaissance Technologies LLC boosted its holdings in shares of Gannett by 16.1% in the second quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company's stock worth $4,942,000 after acquiring an additional 148,524 shares during the period. Apollo Management Holdings L.P. boosted its holdings in shares of Gannett by 34.8% in the fourth quarter. Apollo Management Holdings L.P. now owns 11,589,025 shares of the company's stock worth $26,655,000 after acquiring an additional 2,994,806 shares during the period. Finally, Murchinson Ltd. bought a new position in shares of Gannett in the second quarter worth $1,585,000. 76.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup upgraded Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price objective on the stock in a research report on Tuesday, September 17th. JMP Securities upgraded Gannett to a "strong-buy" rating in a research report on Friday, August 2nd.

Gannett Price Performance

NYSE GCI traded up $0.26 during trading hours on Friday, reaching $5.69. 642,694 shares of the stock traded hands, compared to its average volume of 1,224,882. The stock has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $4.07. Gannett Co., Inc. has a 1 year low of $1.66 and a 1 year 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 company has a market cap of $839.55 million, a price-to-earnings ratio of -6.54 and a beta of 2.49.

Gannett (NYSE:GCI - Get Free Report) last released 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.

About Gannett

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.