Zurcher Kantonalbank Zurich Cantonalbank Invests $45,000 in Gannett Co., Inc. (NYSE:GCI)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Gannett Co., Inc. (NYSE:GCI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,996 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in Gannett by 9.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock valued at $216,000 after purchasing an additional 7,732 shares in the last quarter. Simplicity Wealth LLC raised its holdings in Gannett by 77.9% in the second quarter. Simplicity Wealth LLC now owns 18,166 shares of the company’s stock valued at $84,000 after acquiring an additional 7,952 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Gannett by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 740,115 shares of the company’s stock valued at $3,412,000 after acquiring an additional 40,481 shares in the last quarter. Bailard Inc. purchased a new position in Gannett in the second quarter worth approximately $260,000. Finally, Cambiar Investors LLC acquired a new position in Gannett during the 2nd quarter worth approximately $49,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Gannett Price Performance

GCI stock opened at $5.44 on Tuesday. The stock has a market cap of $801.91 million, a price-to-earnings ratio of -6.72 and a beta of 2.55. Gannett Co., Inc. has a fifty-two week low of $1.89 and a fifty-two week high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.88. The business has a 50 day moving average price of $5.35 and a 200 day moving average price of $4.91.

Analyst Ratings Changes

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

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.