Gannett Co., Inc. (NYSE:GCI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in shares of Gannett Co., Inc. (NYSE:GCIFree Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,555,488 shares of the company’s stock after selling 91,104 shares during the period. Charles Schwab Investment Management Inc. owned 2.39% of Gannett worth $8,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GCI. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Gannett during the 3rd quarter worth about $25,000. Principal Financial Group Inc. raised its position in shares of Gannett by 39.3% during the 3rd quarter. Principal Financial Group Inc. now owns 21,258 shares of the company’s stock worth $52,000 after buying an additional 5,997 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Gannett during the 3rd quarter worth about $69,000. Numerai GP LLC bought a new stake in shares of Gannett during the 3rd quarter worth about $77,000. Finally, Quadrature Capital Ltd raised its position in shares of Gannett by 285.4% during the 3rd quarter. Quadrature Capital Ltd now owns 62,654 shares of the company’s stock worth $154,000 after buying an additional 46,396 shares in the last quarter. 76.71% of the stock is owned by institutional investors and hedge funds.

Gannett Stock Up 0.3 %

NYSE GCI opened at $3.76 on Friday. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.79 and a quick ratio of 0.75. The company’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $2.44. Gannett Co., Inc. has a 12 month low of $1.66 and a 12 month high of $3.93. The company has a market capitalization of $554.79 million, a P/E ratio of -4.32 and a beta of 2.30.

Gannett (NYSE:GCIGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported ($0.26) EPS for the quarter. Gannett had a negative return on equity of 27.67% and a negative net margin of 4.67%. The business had revenue of $635.76 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Gannett from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $1.95 to $3.60 in a research report on Friday, May 24th.

Read Our Latest Research Report on GCI

Gannett Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gannett Co., Inc. (NYSE:GCIFree Report).

Institutional Ownership by Quarter for Gannett (NYSE:GCI)

Receive News & Ratings for Gannett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gannett and related companies with MarketBeat.com's FREE daily email newsletter.