XTX Topco Ltd Reduces Stock Holdings in Gannett Co., Inc. (NYSE:GCI)

XTX Topco Ltd decreased its holdings in Gannett Co., Inc. (NYSE:GCI) by 42.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,323 shares of the company’s stock after selling 29,144 shares during the quarter. XTX Topco Ltd’s holdings in Gannett were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in Gannett in the fourth quarter worth $35,000. CANADA LIFE ASSURANCE Co purchased a new stake in Gannett in the fourth quarter worth $75,000. Dark Forest Capital Management LP purchased a new stake in Gannett in the fourth quarter worth $96,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Gannett in the first quarter worth $67,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gannett in the fourth quarter worth $125,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Gannett Stock Performance

Shares of GCI stock opened at $4.24 on Friday. The stock has a fifty day moving average of $3.72 and a 200 day moving average of $3.64. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93. The firm has a market capitalization of $622.11 million, a price-to-earnings ratio of 12.48 and a beta of 2.62. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.49. The business had revenue of $584.86 million during 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 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.