Gannett Co., Inc. (NYSE:GCI) Holdings Trimmed by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in shares of Gannett Co., Inc. (NYSE:GCI) by 47.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 303,831 shares of the company’s stock after selling 275,936 shares during the period. GSA Capital Partners LLP’s holdings in Gannett were worth $1,708,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cambiar Investors LLC acquired a new stake in shares of Gannett during the 2nd quarter valued at $49,000. nVerses Capital LLC acquired a new stake in shares of Gannett during the 3rd quarter valued at $55,000. Dark Forest Capital Management LP acquired a new stake in shares of Gannett during the 2nd quarter valued at $57,000. Sei Investments Co. acquired a new stake in shares of Gannett during the 2nd quarter valued at $64,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Gannett during the 2nd quarter valued at $76,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JMP Securities raised shares of Gannett to a “strong-buy” rating in a research note on Friday, August 2nd. 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 note on Tuesday, September 17th.

Gannett Trading Down 3.3 %

Gannett stock opened at $5.47 on Wednesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. Gannett Co., Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $5.93. The firm has a fifty day moving average price of $5.29 and a two-hundred day moving average price of $4.64.

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.