Fmr LLC Boosts Stock Position in Gannett Co., Inc. (NYSE:GCI)

Fmr LLC grew its holdings in Gannett Co., Inc. (NYSE:GCI) by 150.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,389 shares of the company’s stock after purchasing an additional 49,479 shares during the period. Fmr LLC’s holdings in Gannett were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Gannett by 16.1% in the second quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company’s stock worth $4,942,000 after purchasing an additional 148,524 shares during the last quarter. Troluce Capital Advisors LLC purchased a new stake in Gannett in the 2nd quarter valued at about $8,659,000. Hanseatic Management Services Inc. boosted its position in Gannett by 9,629.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock valued at $1,006,000 after buying an additional 177,089 shares during the period. Squarepoint Ops LLC grew its stake in Gannett by 1,200.4% in the 2nd quarter. Squarepoint Ops LLC now owns 254,545 shares of the company’s stock worth $1,173,000 after acquiring an additional 234,971 shares in the last quarter. Finally, Murchinson Ltd. purchased a new position in shares of Gannett during the second quarter worth approximately $1,585,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Gannett Stock Performance

Shares of Gannett stock opened at $4.91 on Friday. Gannett Co., Inc. has a 12 month low of $1.95 and a 12 month high of $5.93. The stock’s fifty day moving average price is $5.32 and its 200-day moving average price is $4.98. The firm has a market cap of $723.78 million, a P/E ratio of -6.06 and a beta of 2.55. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88.

Wall Street Analyst Weigh In

Separately, Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price objective on the stock in a research note on Tuesday, September 17th.

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.