Gannett (NYSE:GCI) Trading Down 5.5% – What’s Next?

Gannett Co., Inc. (NYSE:GCI) was down 5.5% during mid-day trading on Friday . The company traded as low as $5.30 and last traded at $5.32. Approximately 235,143 shares traded hands during trading, a decline of 81% from the average daily volume of 1,211,330 shares. The stock had previously closed at $5.63.

Wall Street Analyst Weigh In

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

Gannett Price Performance

The company has a market cap of $775.38 million, a P/E ratio of -6.52 and a beta of 2.55. The company has a fifty day moving average price of $5.35 and a two-hundred day moving average price of $4.93. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79.

Institutional Investors Weigh In On Gannett

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Gannett in the 3rd quarter valued at $45,000. Cambiar Investors LLC purchased a new position in Gannett in the 2nd quarter worth approximately $49,000. nVerses Capital LLC purchased a new position in shares of Gannett in the third quarter worth approximately $55,000. Dark Forest Capital Management LP purchased a new stake in Gannett in the 2nd quarter worth $57,000. Finally, PEAK6 Investments LLC bought a new stake in Gannett during the third quarter worth approximately $57,000. 76.71% of the stock is owned by institutional investors.

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.