D. E. Shaw & Co. Inc. grew its position in Gannett Co., Inc. (NYSE:GCI – Free Report) by 28.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,174,914 shares of the company’s stock after buying an additional 1,149,459 shares during the quarter. D. E. Shaw & Co. Inc. owned 3.51% of Gannett worth $23,856,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Financial Network Inc. ADV acquired a new position in Gannett during the fourth quarter valued at approximately $25,000. Cambiar Investors LLC acquired a new position in shares of Gannett during the 2nd quarter worth $49,000. Dark Forest Capital Management LP bought a new stake in shares of Gannett during the 2nd quarter worth $57,000. Sei Investments Co. bought a new stake in shares of Gannett during the 2nd quarter worth $64,000. Finally, Simplicity Wealth LLC grew its position in 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 acquiring an additional 7,952 shares during the last quarter. Institutional investors own 76.71% of the company’s stock.
Gannett Stock Up 3.3 %
NYSE:GCI opened at $5.64 on Friday. The firm’s 50 day simple moving average is $4.89 and its 200 day simple moving average is $3.94. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.79 and a quick ratio of 0.75. Gannett Co., Inc. has a one year low of $1.66 and a one year high of $5.93. The company has a market cap of $832.17 million, a PE ratio of -6.48 and a beta of 2.48.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. JMP Securities upgraded shares of Gannett to a “strong-buy” rating in a research note on Friday, August 2nd. Citigroup upgraded shares of Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price on the stock in a research report on Tuesday, September 17th.
View Our Latest Stock Analysis on Gannett
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.
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