Universal Beteiligungs und Servicegesellschaft mbH Invests $67,000 in Gannett Co., Inc. (NYSE:GCI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Gannett Co., Inc. (NYSE:GCI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,041 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GCI. American Century Companies Inc. raised its position in shares of Gannett by 15.1% during the 4th quarter. American Century Companies Inc. now owns 301,927 shares of the company’s stock worth $1,528,000 after acquiring an additional 39,693 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Gannett during the 4th quarter worth about $118,000. Vanguard Group Inc. raised its position in shares of Gannett by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 8,093,262 shares of the company’s stock worth $40,952,000 after acquiring an additional 82,094 shares in the last quarter. Norges Bank acquired a new stake in shares of Gannett during the 4th quarter worth about $1,364,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Gannett by 16.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 247,001 shares of the company’s stock worth $1,250,000 after acquiring an additional 35,730 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Gannett Trading Up 0.2%

GCI opened at $4.18 on Wednesday. The firm has a market cap of $612.87 million, a price-to-earnings ratio of 12.29 and a beta of 2.62. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93. The business’s 50 day moving average is $3.63 and its two-hundred day moving average is $3.66. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 3.89.

Gannett (NYSE:GCI) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.49. The company had revenue of $584.86 million for the quarter, compared to analyst estimates of $593.13 million. Gannett had a return on equity of 53.24% and a net margin of 4.84%.

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.