Quadrature Capital Ltd Sells 120,702 Shares of Gannett Co., Inc. (NYSE:GCI)

Quadrature Capital Ltd decreased its position in Gannett Co., Inc. (NYSE:GCI - Free Report) by 77.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,470 shares of the company's stock after selling 120,702 shares during the quarter. Quadrature Capital Ltd's holdings in Gannett were worth $194,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Gannett during the third quarter valued at approximately $45,000. Cambiar Investors LLC bought a new position in Gannett during the 2nd quarter worth $49,000. nVerses Capital LLC acquired a new stake in Gannett in the third quarter worth $55,000. Dark Forest Capital Management LP bought a new stake in Gannett in the second quarter valued at $57,000. Finally, PEAK6 Investments LLC acquired a new position in shares of Gannett during the third quarter valued at $57,000. 76.71% of the stock is currently owned by institutional investors.

Gannett Trading Up 3.1 %

GCI traded up $0.17 during trading on Thursday, reaching $5.63. The company had a trading volume of 1,778,225 shares, compared to its average volume of 1,215,634. The firm's 50-day simple moving average is $5.35 and its 200 day simple moving average is $4.93. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79. The company has a market cap of $829.92 million, a price-to-earnings ratio of -6.95 and a beta of 2.55. Gannett Co., Inc. has a 12-month low of $1.95 and a 12-month high of $5.93.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Gannett from a "sell" rating to a "neutral" rating and set a $5.10 target price for the company in a research note on Tuesday, September 17th.

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.