PFG Investments LLC Decreases Position in Gannett Co., Inc. (NYSE:GCI)

PFG Investments LLC reduced its stake in Gannett Co., Inc. (NYSE:GCI) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,953 shares of the company’s stock after selling 3,100 shares during the period. PFG Investments LLC’s holdings in Gannett were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GCI. Aquatic Capital Management LLC purchased a new stake in shares of Gannett in the fourth quarter valued at about $35,000. Quantbot Technologies LP acquired a new stake in shares of Gannett in the 4th quarter valued at approximately $51,000. Ieq Capital LLC purchased a new stake in shares of Gannett in the fourth quarter valued at approximately $54,000. Straightline Group LLC acquired a new position in Gannett during the fourth quarter worth $56,000. Finally, Xponance Inc. purchased a new position in Gannett in the fourth quarter worth $56,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Gannett Price Performance

Shares of NYSE GCI opened at $3.51 on Friday. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.69 and a current ratio of 0.72. Gannett Co., Inc. has a one year low of $2.55 and a one year high of $5.93. The firm has a market capitalization of $513.27 million, a P/E ratio of 350.50 and a beta of 2.63. The company’s fifty day moving average is $3.47 and its two-hundred day moving average is $3.94.

Gannett (NYSE:GCI) last issued its earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Gannett had a return on equity of 24.41% and a net margin of 2.09%. The company had revenue of $571.57 million for the quarter, compared to analyst estimates of $592.97 million.

Insiders Place Their Bets

In other Gannett news, CEO Michael Reed bought 27,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was bought at an average price of $3.25 per share, for a total transaction of $87,750.00. Following the completion of the transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

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.