MetLife Investment Management LLC Has $183,000 Stake in Gannett Co., Inc. $GCI

MetLife Investment Management LLC trimmed its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 26.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,328 shares of the company’s stock after selling 23,090 shares during the period. MetLife Investment Management LLC’s holdings in Gannett were worth $183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Algert Global LLC increased its stake in shares of Gannett by 4.9% in the 1st quarter. Algert Global LLC now owns 263,460 shares of the company’s stock valued at $761,000 after buying an additional 12,410 shares during the period. Cambiar Investors LLC increased its stake in shares of Gannett by 26.1% in the 1st quarter. Cambiar Investors LLC now owns 17,103 shares of the company’s stock valued at $49,000 after buying an additional 3,545 shares during the period. American Century Companies Inc. increased its stake in shares of Gannett by 5.6% in the 1st quarter. American Century Companies Inc. now owns 318,885 shares of the company’s stock valued at $922,000 after buying an additional 16,958 shares during the period. Nuveen LLC acquired a new stake in shares of Gannett in the 1st quarter valued at $6,434,000. Finally, Aigen Investment Management LP increased its stake in shares of Gannett by 188.3% in the 1st quarter. Aigen Investment Management LP now owns 44,578 shares of the company’s stock valued at $129,000 after buying an additional 29,116 shares during the period. 76.71% of the stock is owned by institutional investors and hedge funds.

Gannett Stock Down 1.1%

NYSE GCI opened at $4.12 on Wednesday. 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 market capitalization of $603.34 million, a P/E ratio of 12.10 and a beta of 2.64. The stock has a fifty day moving average of $3.95 and a 200-day moving average of $3.56. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93.

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

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.