Gannett (NYSE:GCI) Sees Strong Trading Volume

Gannett Co., Inc. (NYSE:GCI) saw strong trading volume on Tuesday . 447,473 shares changed hands during trading, a decline of 62% from the previous session’s volume of 1,164,609 shares.The stock last traded at $5.22 and had previously closed at $4.61.

Analyst Ratings Changes

Several analysts have recently issued reports on GCI shares. Citigroup upgraded Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price objective on the stock in a research note on Tuesday. JMP Securities raised Gannett to a “strong-buy” rating in a research report on Friday, August 2nd.

Gannett Price Performance

The firm has a market capitalization of $828.48 million, a price-to-earnings ratio of -6.45 and a beta of 2.48. The stock’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $3.77. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 3.83.

Gannett (NYSE:GCI) last posted its earnings results on Thursday, August 1st. The company reported $0.19 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 hedge funds and other institutional investors have recently made changes to their positions in GCI. Simplicity Wealth LLC acquired a new position in Gannett in the first quarter valued at approximately $25,000. Focus Financial Network Inc. ADV purchased a new stake in shares of Gannett during the 4th quarter worth approximately $25,000. Cambiar Investors LLC acquired a new position in shares of Gannett in the 2nd quarter valued at $49,000. Dark Forest Capital Management LP purchased a new position in shares of Gannett in the 2nd quarter valued at $57,000. Finally, Sei Investments Co. acquired a new stake in Gannett during the 2nd quarter worth $64,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

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.