Nuveen LLC Makes New Investment in Gannett Co., Inc. $GCI

Nuveen LLC bought a new position in shares of Gannett Co., Inc. (NYSE:GCI) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,226,387 shares of the company’s stock, valued at approximately $6,434,000. Nuveen LLC owned 1.52% of Gannett as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GCI. Wells Fargo & Company MN boosted its position in Gannett by 26.7% during the fourth quarter. Wells Fargo & Company MN now owns 86,713 shares of the company’s stock worth $439,000 after purchasing an additional 18,290 shares during the period. Legal & General Group Plc boosted its position in Gannett by 3.6% during the fourth quarter. Legal & General Group Plc now owns 134,429 shares of the company’s stock worth $680,000 after purchasing an additional 4,710 shares during the period. Barclays PLC boosted its position in Gannett by 11.5% during the fourth quarter. Barclays PLC now owns 243,171 shares of the company’s stock worth $1,231,000 after purchasing an additional 25,115 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in Gannett during the fourth quarter worth about $75,000. Finally, Dimensional Fund Advisors LP boosted its position in Gannett by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,968,839 shares of the company’s stock worth $25,141,000 after purchasing an additional 215,965 shares during the period. Institutional investors own 76.71% of the company’s stock.

Gannett Trading Up 2.8%

Shares of Gannett stock opened at $4.2450 on Monday. Gannett Co., Inc. has a 12-month low of $2.55 and a 12-month high of $5.93. The company has a market cap of $622.40 million, a price-to-earnings ratio of 12.49 and a beta of 2.62. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 3.89. The company’s 50-day moving average price is $3.79 and its 200-day moving average price is $3.61.

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

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.