Gannett (NYSE:GCI) Downgraded by Wall Street Zen to “Sell”

Gannett (NYSE:GCI) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Gannett in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Gannett presently has an average rating of “Moderate Buy” and an average price target of $6.00.

Gannett Stock Up 0.7%

Gannett stock opened at $5.08 on Friday. The firm has a market capitalization of $746.88 million, a price-to-earnings ratio of 24.18 and a beta of 2.55. The firm’s fifty day moving average price is $4.18 and its two-hundred day moving average price is $3.85. Gannett has a 1-year low of $2.55 and a 1-year high of $5.80. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 4.66.

Gannett (NYSE:GCI) last posted its earnings results on Thursday, October 30th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Gannett had a return on equity of 42.98% and a net margin of 4.11%.The business had revenue of $560.80 million for the quarter, compared to the consensus estimate of $575.58 million.

Hedge Funds Weigh In On Gannett

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Seas Capital LP increased its position in shares of Gannett by 79.6% during the second quarter. Two Seas Capital LP now owns 11,230,621 shares of the company’s stock valued at $40,206,000 after acquiring an additional 4,978,515 shares during the last quarter. Nomura Holdings Inc. grew its stake in Gannett by 721.0% in the 2nd quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company’s stock valued at $12,602,000 after purchasing an additional 3,091,333 shares during the period. Nuveen LLC purchased a new stake in shares of Gannett during the 1st quarter valued at $6,434,000. Aurelius Capital Management LP bought a new stake in shares of Gannett during the 2nd quarter worth $4,173,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Gannett by 3,493.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 725,629 shares of the company’s stock worth $2,997,000 after purchasing an additional 705,436 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Gannett Company 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.