UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.45 Million Stake in Gannett Co., Inc. (NYSE:GCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Gannett Co., Inc. (NYSE:GCI) by 24.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,149 shares of the company’s stock after purchasing an additional 55,514 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Gannett worth $1,453,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Two Sigma Advisers LP raised its holdings in Gannett by 61.8% during the fourth quarter. Two Sigma Advisers LP now owns 506,956 shares of the company’s stock worth $2,565,000 after buying an additional 193,600 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Gannett by 6.1% during the fourth quarter. Two Sigma Investments LP now owns 805,499 shares of the company’s stock worth $4,076,000 after acquiring an additional 46,465 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of Gannett in the 4th quarter worth about $182,000. State of Wyoming lifted its position in Gannett by 67.0% in the 4th quarter. State of Wyoming now owns 215,272 shares of the company’s stock valued at $1,089,000 after acquiring an additional 86,350 shares in the last quarter. Finally, Shay Capital LLC boosted its stake in Gannett by 11.7% during the 4th quarter. Shay Capital LLC now owns 1,915,904 shares of the company’s stock valued at $9,694,000 after purchasing an additional 200,904 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors.

Insider Activity at Gannett

In other Gannett news, CEO Michael Reed bought 27,000 shares of Gannett stock in a transaction dated Monday, May 5th. The stock was bought at an average cost of $3.25 per share, with a total value of $87,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,134,722 shares in the company, valued at approximately $10,187,846.50. The trade was a 0.87% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by insiders.

Gannett Stock Performance

Shares of GCI opened at $3.58 on Monday. The firm has a market capitalization of $524.83 million, a P/E ratio of -6.64 and a beta of 2.63. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93. The stock has a 50 day moving average price of $3.31 and a two-hundred day moving average price of $4.10. The company has a debt-to-equity ratio of 6.59, a quick ratio of 0.74 and a current ratio of 0.78.

Gannett (NYSE:GCI) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The company had revenue of $571.57 million during the quarter, compared to analysts’ expectations of $592.97 million. Gannett had a negative net margin of 1.05% and a positive return on equity of 11.40%.

About Gannett

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.