OneDigital Investment Advisors LLC Makes New Investment in Gannett Co., Inc. (NYSE:GCI)

OneDigital Investment Advisors LLC bought a new position in Gannett Co., Inc. (NYSE:GCI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 79,378 shares of the company's stock, valued at approximately $402,000. OneDigital Investment Advisors LLC owned about 0.05% of Gannett at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Gannett by 3.0% in the third quarter. State Street Corp now owns 4,058,266 shares of the company's stock worth $22,807,000 after buying an additional 116,716 shares during the last quarter. Barclays PLC lifted its holdings in Gannett by 341.9% in the third quarter. Barclays PLC now owns 218,056 shares of the company's stock valued at $1,224,000 after acquiring an additional 168,711 shares during the period. Caprock Group LLC boosted its position in Gannett by 55.6% in the 4th quarter. Caprock Group LLC now owns 35,769 shares of the company's stock worth $181,000 after purchasing an additional 12,788 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Gannett by 11.9% during the 4th quarter. Ritholtz Wealth Management now owns 97,067 shares of the company's stock worth $491,000 after purchasing an additional 10,332 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Gannett by 471.8% during the 3rd quarter. Principal Financial Group Inc. now owns 79,585 shares of the company's stock valued at $447,000 after purchasing an additional 65,667 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a "market outperform" rating and set a $6.00 price target on shares of Gannett in a research report on Monday, January 27th.

Gannett Price Performance

NYSE GCI traded up $0.02 during trading hours on Thursday, reaching $3.48. The company's stock had a trading volume of 725,923 shares, compared to its average volume of 1,451,531. The company has a debt-to-equity ratio of 6.59, a current ratio of 0.78 and a quick ratio of 0.74. The firm has a market capitalization of $508.87 million, a price-to-earnings ratio of -6.44 and a beta of 2.21. The company's 50-day moving average is $3.38 and its two-hundred day moving average is $4.53. Gannett Co., Inc. has a 1-year low of $2.35 and a 1-year high of $5.93.

Gannett (NYSE:GCI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. The business had revenue of $621.28 million for the quarter, compared to the consensus estimate of $635.09 million. Gannett had a negative net margin of 1.05% and a positive return on equity of 11.40%.

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.