Gannett (NYSE:GCI) Shares Down 3.1%

Gannett Co., Inc. (NYSE:GCI)’s stock price dropped 3.1% during mid-day trading on Friday . The stock traded as low as $4.72 and last traded at $4.72. Approximately 532,090 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 1,008,529 shares. The stock had previously closed at $4.87.

Analyst Ratings Changes

GCI has been the topic of several recent research reports. JMP Securities initiated coverage on Gannett in a research report on Monday, July 1st. They issued an “outperform” rating and a $6.00 price objective on the stock. Citigroup upgraded Gannett from a “sell” rating to a “neutral” rating and upped their price objective for the company from $1.95 to $3.60 in a research report on Friday, May 24th.

Gannett Stock Down 2.3 %

The company has a 50 day moving average of $4.03 and a 200 day moving average of $2.92. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.79 and a quick ratio of 0.75.

Gannett (NYSE:GCI) last released its earnings results on Thursday, May 2nd. The company reported ($0.26) EPS for the quarter. The business had revenue of $635.76 million during the quarter. Gannett had a negative net margin of 4.67% and a negative return on equity of 27.67%.

Institutional Investors Weigh In On Gannett

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its stake in Gannett by 5.5% during the fourth quarter. Mackenzie Financial Corp now owns 87,186 shares of the company’s stock worth $201,000 after acquiring an additional 4,562 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Gannett by 9.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock worth $216,000 after acquiring an additional 7,732 shares during the last quarter. Simplicity Wealth LLC grew its stake in shares of 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 buying an additional 7,952 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Gannett in the fourth quarter valued at about $25,000. Finally, Silverberg Bernstein Capital Management LLC grew its stake in shares of Gannett by 2.8% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 510,866 shares of the company’s stock valued at $2,355,000 after buying an additional 14,105 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.

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.