Gannett Co., Inc. (NYSE:GCI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,800 shares of the company’s stock after selling 7,041 shares during the period. Stifel Financial Corp’s holdings in Gannett were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Gannett in the third quarter worth about $1,302,000. Renaissance Technologies LLC raised its holdings 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 worth $4,942,000 after purchasing an additional 148,524 shares in the last quarter. Troluce Capital Advisors LLC acquired a new stake in Gannett during the second quarter valued at approximately $8,659,000. Hanseatic Management Services Inc. lifted its stake in Gannett by 9,629.6% during the third quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock valued at $1,006,000 after purchasing an additional 177,089 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Gannett by 1,200.4% during the second quarter. Squarepoint Ops LLC now owns 254,545 shares of the company’s stock worth $1,173,000 after buying an additional 234,971 shares in the last quarter. 76.71% of the stock is owned by institutional investors.

Gannett Price Performance

GCI stock opened at $4.98 on Monday. The firm has a 50-day moving average of $5.26 and a two-hundred day moving average of $5.03. The firm has a market capitalization of $734.11 million, a PE ratio of -6.15 and a beta of 2.55. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88. Gannett Co., Inc. has a one year low of $1.95 and a one year high of $5.93.

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 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.