UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $1.30 Million Position in Gannett Co., Inc. (NYSE:GCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 231,635 shares of the company's stock, valued at approximately $1,302,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Gannett as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Gannett during the 3rd quarter valued at $45,000. Cambiar Investors LLC purchased a new position in Gannett in the second quarter valued at about $49,000. nVerses Capital LLC acquired a new position in shares of Gannett during the third quarter worth about $55,000. Dark Forest Capital Management LP purchased a new stake in shares of Gannett in the second quarter worth about $57,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Gannett in the third quarter valued at about $57,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Gannett Stock Down 8.5 %

GCI traded down $0.47 during trading hours on Wednesday, reaching $5.05. 609,005 shares of the stock traded hands, compared to its average volume of 1,216,773. Gannett Co., Inc. has a fifty-two week low of $1.95 and a fifty-two week high of $5.93. The company has a market cap of $744.43 million, a price-to-earnings ratio of -6.23 and a beta of 2.55. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. The firm's fifty day simple moving average is $5.34 and its two-hundred day simple moving average is $4.97.

Wall Street Analyst Weigh In

Separately, Citigroup raised Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price target on the stock in a research report on Tuesday, September 17th.

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.