Vanguard Group Inc. Buys 100,837 Shares of Gannett Co., Inc. (NYSE:GCI)

Vanguard Group Inc. grew its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 1.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,462,750 shares of the company’s stock after buying an additional 100,837 shares during the quarter. Vanguard Group Inc. owned approximately 5.68% of Gannett worth $20,734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Squarepoint Ops LLC grew its stake in shares of Gannett by 15.8% in the fourth quarter. Squarepoint Ops LLC now owns 30,180 shares of the company’s stock worth $61,000 after purchasing an additional 4,122 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Gannett by 25.0% in the third quarter. Public Employees Retirement System of Ohio now owns 24,992 shares of the company’s stock worth $38,000 after purchasing an additional 4,992 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Gannett by 149.9% in the first quarter. Captrust Financial Advisors now owns 9,438 shares of the company’s stock worth $43,000 after purchasing an additional 5,661 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Gannett by 39.3% in the third quarter. Principal Financial Group Inc. now owns 21,258 shares of the company’s stock worth $52,000 after purchasing an additional 5,997 shares during the last quarter. Finally, Graham Capital Management L.P. grew its stake in shares of Gannett by 15.0% in the third quarter. Graham Capital Management L.P. now owns 46,114 shares of the company’s stock worth $113,000 after purchasing an additional 6,005 shares during the last quarter. Institutional investors own 76.71% of the company’s stock.

Gannett Stock Performance

Shares of Gannett stock opened at $2.38 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 3.09. Gannett Co., Inc. has a twelve month low of $1.62 and a twelve month high of $3.60. The stock has a market cap of $354.17 million, a price-to-earnings ratio of -11.90 and a beta of 2.33. The company’s fifty day moving average is $2.21 and its 200 day moving average is $2.26.

Gannett (NYSE:GCI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $669.41 million during the quarter. Gannett had a negative return on equity of 12.70% and a negative net margin of 1.04%.

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.