Quantbot Technologies LP Acquires Shares of 10,046 Gannett Co., Inc. (NYSE:GCI)

Quantbot Technologies LP bought a new position in shares of Gannett Co., Inc. (NYSE:GCI) during the 4th quarter, Holdings Channel reports. The firm bought 10,046 shares of the company’s stock, valued at approximately $51,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GCI. Intech Investment Management LLC acquired a new position in Gannett during the 3rd quarter worth about $309,000. FMR LLC raised its stake in shares of Gannett by 150.3% in the third quarter. FMR LLC now owns 82,389 shares of the company’s stock worth $463,000 after acquiring an additional 49,479 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Gannett during the third quarter worth approximately $45,000. PEAK6 Investments LLC bought a new stake in shares of Gannett during the third quarter valued at approximately $57,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Gannett in the third quarter valued at approximately $1,302,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $6.00 price objective on shares of Gannett in a report on Monday, January 27th.

Gannett Price Performance

Shares of GCI stock opened at $3.02 on Wednesday. The firm has a market cap of $444.32 million, a price-to-earnings ratio of -5.58 and a beta of 2.48. Gannett Co., Inc. has a 12 month low of $2.24 and a 12 month high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59. The stock has a 50-day moving average price of $3.97 and a 200 day moving average price of $4.82.

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

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.