Swiss National Bank Reduces Holdings in Gannett Co., Inc. $GCI

Swiss National Bank cut its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 6.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,000 shares of the company’s stock after selling 16,600 shares during the quarter. Swiss National Bank owned 0.18% of Gannett worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Gannett by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 8,184,594 shares of the company’s stock valued at $23,653,000 after acquiring an additional 91,332 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Gannett by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,968,839 shares of the company’s stock valued at $25,141,000 after acquiring an additional 215,965 shares during the period. Nuveen Asset Management LLC boosted its holdings in Gannett by 68.5% during the 4th quarter. Nuveen Asset Management LLC now owns 2,431,937 shares of the company’s stock valued at $12,306,000 after acquiring an additional 988,990 shares during the period. SG Americas Securities LLC raised its position in Gannett by 10,205.0% during the 1st quarter. SG Americas Securities LLC now owns 2,198,271 shares of the company’s stock valued at $6,353,000 after purchasing an additional 2,176,939 shares during the last quarter. Finally, Shay Capital LLC lifted its holdings in Gannett by 11.7% in the 4th quarter. Shay Capital LLC now owns 1,915,904 shares of the company’s stock worth $9,694,000 after buying an additional 200,904 shares during the period. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Gannett Trading Up 0.5%

NYSE GCI opened at $4.05 on Wednesday. Gannett Co., Inc. has a fifty-two week low of $2.55 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.70 and a current ratio of 0.73. The stock has a 50 day simple moving average of $3.82 and a two-hundred day simple moving average of $3.60. The stock has a market cap of $593.96 million, a P/E ratio of 11.92 and a beta of 2.62.

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

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.