11,146 Shares in Gannett Co., Inc. (NYSE:GCI) Bought by Xponance Inc.

Xponance Inc. bought a new stake in Gannett Co., Inc. (NYSE:GCI) during the fourth quarter, Holdings Channel reports. The fund bought 11,146 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Gannett in the 3rd quarter worth about $45,000. Ieq Capital LLC purchased a new position in Gannett in the fourth quarter valued at approximately $54,000. PEAK6 Investments LLC acquired a new position in Gannett during the third quarter valued at approximately $57,000. Paloma Partners Management Co purchased a new stake in Gannett during the third quarter worth approximately $66,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Gannett in the fourth quarter worth $67,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Gannett Price Performance

Shares of NYSE GCI opened at $2.95 on Friday. The company has a debt-to-equity ratio of 6.59, a current ratio of 0.78 and a quick ratio of 0.74. Gannett Co., Inc. has a 1-year low of $2.24 and a 1-year high of $5.93. The company has a market capitalization of $434.00 million, a price-to-earnings ratio of -5.45 and a beta of 2.48. The business has a 50-day moving average of $4.05 and a 200-day moving average of $4.84.

Gannett (NYSE:GCI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. The firm had revenue of $621.28 million during the quarter, compared to analysts’ expectations of $635.09 million. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and issued a $6.00 target price on shares of Gannett in a research note on Monday, January 27th.

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.