Vanguard Group Inc. Acquires 82,094 Shares of Gannett Co., Inc. (NYSE:GCI)

Vanguard Group Inc. lifted its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,093,262 shares of the company’s stock after acquiring an additional 82,094 shares during the period. Vanguard Group Inc. owned approximately 5.49% of Gannett worth $40,952,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in GCI. Quantbot Technologies LP bought a new position in Gannett during the fourth quarter worth about $51,000. Ieq Capital LLC acquired a new position in shares of Gannett in the 4th quarter worth approximately $54,000. Xponance Inc. bought a new position in shares of Gannett during the 4th quarter worth approximately $56,000. Cibc World Markets Corp acquired a new stake in Gannett in the 4th quarter valued at $67,000. Finally, Cambiar Investors LLC grew its position in Gannett by 27.2% in the fourth quarter. Cambiar Investors LLC now owns 13,558 shares of the company’s stock valued at $69,000 after acquiring an additional 2,898 shares during the period. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities restated a “market outperform” rating and issued a $6.00 target price on shares of Gannett in a research note on Monday, January 27th.

Gannett Stock Performance

NYSE GCI opened at $2.67 on Friday. The firm has a market cap of $392.74 million, a price-to-earnings ratio of -4.94 and a beta of 2.21. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59. Gannett Co., Inc. has a 1-year low of $2.26 and a 1-year high of $5.93. The company has a 50 day moving average of $3.61 and a 200-day moving average of $4.65.

Gannett (NYSE:GCI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. The firm had revenue of $621.28 million during the quarter, compared to the consensus estimate of $635.09 million. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%.

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.