Rhumbline Advisers Sells 13,148 Shares of Gannett Co., Inc. $GCI

Rhumbline Advisers lessened its position in Gannett Co., Inc. (NYSE:GCI) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 208,475 shares of the company’s stock after selling 13,148 shares during the period. Rhumbline Advisers owned about 0.14% of Gannett worth $602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cambiar Investors LLC lifted its position in Gannett by 26.1% during the first quarter. Cambiar Investors LLC now owns 17,103 shares of the company’s stock valued at $49,000 after purchasing an additional 3,545 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gannett during the first quarter valued at approximately $67,000. ProShare Advisors LLC lifted its position in Gannett by 49.3% during the fourth quarter. ProShare Advisors LLC now owns 39,975 shares of the company’s stock valued at $202,000 after purchasing an additional 13,201 shares during the period. Aigen Investment Management LP lifted its position in Gannett by 188.3% during the first quarter. Aigen Investment Management LP now owns 44,578 shares of the company’s stock valued at $129,000 after purchasing an additional 29,116 shares during the period. Finally, Strs Ohio bought a new position in Gannett during the first quarter valued at approximately $187,000. Institutional investors own 76.71% of the company’s stock.

Gannett Price Performance

Shares of Gannett stock opened at $4.30 on Tuesday. The company has a market cap of $630.47 million, a price-to-earnings ratio of 12.65 and a beta of 2.64. The company’s 50 day moving average is $4.04 and its 200 day moving average is $3.59. Gannett Co., Inc. has a twelve month low of $2.55 and a twelve month high of $5.91. 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.49. The company had revenue of $584.86 million for 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%.

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.