State Street Corp Has $22.81 Million Position in Gannett Co., Inc. (NYSE:GCI)

State Street Corp increased its position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,058,266 shares of the company's stock after acquiring an additional 116,716 shares during the quarter. State Street Corp owned about 2.75% of Gannett worth $22,807,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. lifted its stake in shares of Gannett by 28.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 5,174,914 shares of the company's stock valued at $23,856,000 after purchasing an additional 1,149,459 shares during the period. Dimensional Fund Advisors LP lifted its stake in Gannett by 4.8% in 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. Troluce Capital Advisors LLC bought a new position in Gannett during the second quarter worth about $8,659,000. Millennium Management LLC grew its position in shares of Gannett by 18.9% during the 2nd quarter. Millennium Management LLC now owns 1,118,284 shares of the company's stock worth $5,155,000 after buying an additional 177,446 shares during the period. Finally, Renaissance Technologies LLC increased its stake 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 valued at $4,942,000 after acquiring an additional 148,524 shares during the last quarter. Institutional investors own 76.71% of the company's stock.

Gannett Stock Down 1.0 %

NYSE GCI traded down $0.05 on Monday, reaching $5.04. The company had a trading volume of 758,566 shares, compared to its average volume of 1,221,069. The company's fifty day moving average is $5.30 and its 200-day moving average is $5.01. Gannett Co., Inc. has a 1-year low of $1.95 and a 1-year high of $5.93. The firm has a market capitalization of $742.95 million, a price-to-earnings ratio of -6.22 and a beta of 2.55. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79.

Analysts Set New Price Targets

Separately, Citigroup upgraded Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price objective for the company in a research report on Tuesday, September 17th.

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.