Voya Investment Management LLC Sells 6,967 Shares of Gannett Co., Inc. $GCI

Voya Investment Management LLC lessened its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,874 shares of the company’s stock after selling 6,967 shares during the period. Voya Investment Management LLC’s holdings in Gannett were worth $115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Gannett by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 89,419 shares of the company’s stock valued at $258,000 after buying an additional 3,074 shares in the last quarter. Cambiar Investors LLC grew its stake in shares of Gannett by 26.1% in the first quarter. Cambiar Investors LLC now owns 17,103 shares of the company’s stock worth $49,000 after purchasing an additional 3,545 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Gannett by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock valued at $244,000 after acquiring an additional 3,588 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in Gannett by 6.4% during the first quarter. OneDigital Investment Advisors LLC now owns 84,426 shares of the company’s stock valued at $244,000 after acquiring an additional 5,048 shares during the last quarter. Finally, Algert Global LLC increased its stake in Gannett by 4.9% in the first quarter. Algert Global LLC now owns 263,460 shares of the company’s stock valued at $761,000 after purchasing an additional 12,410 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Gannett Trading Up 1.6%

GCI opened at $4.20 on Thursday. Gannett Co., Inc. has a 1-year low of $2.55 and a 1-year high of $5.91. 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 has a market cap of $615.07 million, a P/E ratio of 12.34 and a beta of 2.55. The company has a fifty day moving average price of $4.12 and a two-hundred day moving average price of $3.64.

Gannett (NYSE:GCI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.49. The firm had revenue of $584.86 million during the quarter, compared to analysts’ expectations 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.