Marshall Wace LLP Boosts Position in Gannett Co., Inc. (NYSE:GCI)

Marshall Wace LLP boosted its holdings in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 90.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,206 shares of the company's stock after purchasing an additional 104,795 shares during the period. Marshall Wace LLP owned about 0.15% of Gannett worth $1,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GCI. Apollo Management Holdings L.P. raised its position in shares of Gannett by 6.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 12,292,642 shares of the company's stock worth $29,994,000 after acquiring an additional 703,617 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Gannett by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,979,617 shares of the company's stock valued at $22,954,000 after buying an additional 229,539 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Gannett by 103.2% during the 4th quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company's stock valued at $2,523,000 after buying an additional 557,079 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Gannett by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company's stock worth $4,942,000 after buying an additional 148,524 shares during the period. Finally, Empowered Funds LLC lifted its position in Gannett by 8.2% during the 1st quarter. Empowered Funds LLC now owns 781,628 shares of the company's stock valued at $1,907,000 after acquiring an additional 59,243 shares during the period. Institutional investors own 76.71% of the company's stock.

Gannett Stock Up 2.5 %

Shares of GCI traded up $0.13 on Tuesday, hitting $5.64. 956,587 shares of the stock traded hands, compared to its average volume of 1,220,727. Gannett Co., Inc. has a one year low of $1.66 and a one year high of $5.93. The company has a market capitalization of $831.43 million, a PE ratio of -6.48 and a beta of 2.49. The business has a 50 day simple moving average of $4.97 and a 200 day simple moving average of $4.10. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.75 and a current ratio of 0.79.

Gannett (NYSE:GCI - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS 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 business had revenue of $639.84 million during the quarter.

Analyst Ratings Changes

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

Gannett 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.