Gannett (NYSE:GCI) Hits New 1-Year High at $5.26

Gannett Co., Inc. (NYSE:GCI) shares reached a new 52-week high during trading on Monday . The company traded as high as $5.26 and last traded at $5.16, with a volume of 301091 shares trading hands. The stock had previously closed at $4.89.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GCI. JMP Securities upgraded Gannett to a “strong-buy” rating in a report on Friday, August 2nd. Citigroup upgraded Gannett from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $1.95 to $3.60 in a report on Friday, May 24th.

Gannett Trading Up 13.1 %

The firm has a market capitalization of $815.94 million, a price-to-earnings ratio of -5.98 and a beta of 2.50. The business’s fifty day moving average is $4.64 and its 200 day moving average is $3.42. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 3.83.

Gannett (NYSE:GCI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.25. The firm had revenue of $639.84 million for the quarter. Gannett had a negative return on equity of 17.12% and a negative net margin of 3.71%.

Institutional Investors Weigh In On Gannett

Several institutional investors have recently bought and sold shares of GCI. Simplicity Wealth LLC acquired a new position in shares of Gannett during the 1st quarter worth about $25,000. Focus Financial Network Inc. ADV bought a new stake in Gannett during the fourth quarter worth about $25,000. Cambiar Investors LLC acquired a new position in Gannett during the second quarter valued at approximately $49,000. Dark Forest Capital Management LP bought a new position in Gannett in the second quarter valued at approximately $57,000. Finally, Sei Investments Co. acquired a new position in shares of Gannett during the 2nd quarter worth approximately $64,000. Institutional investors own 76.71% of the company’s stock.

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.