Squarepoint Ops LLC Buys 234,971 Shares of Gannett Co., Inc. (NYSE:GCI)

Squarepoint Ops LLC lifted its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 1,200.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 254,545 shares of the company’s stock after buying an additional 234,971 shares during the period. Squarepoint Ops LLC owned about 0.17% of Gannett worth $1,173,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GCI. Apollo Management Holdings L.P. grew its position in Gannett by 34.8% during the 4th quarter. Apollo Management Holdings L.P. now owns 11,589,025 shares of the company’s stock worth $26,655,000 after acquiring an additional 2,994,806 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Gannett by 103.2% during the fourth quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company’s stock valued at $2,523,000 after purchasing an additional 557,079 shares in the last quarter. Murchinson Ltd. bought a new stake in shares of Gannett during the second quarter worth about $1,585,000. Cubist Systematic Strategies LLC grew its holdings in shares of Gannett by 36,203.8% during the second quarter. Cubist Systematic Strategies LLC now owns 259,935 shares of the company’s stock worth $1,198,000 after purchasing an additional 259,219 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Gannett by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,979,617 shares of the company’s stock valued at $22,954,000 after buying an additional 229,539 shares during the period. 76.71% of the stock is currently owned by institutional investors.

Gannett Stock Performance

Shares of GCI stock opened at $5.69 on Friday. The stock has a market capitalization of $839.55 million, a PE ratio of -6.54 and a beta of 2.49. The business’s 50 day simple moving average is $4.96 and its 200 day simple moving average is $4.06. 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.

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

Wall Street Analyst Weigh In

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

Gannett 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.