nVerses Capital LLC Makes New Investment in Gannett Co., Inc. (NYSE:GCI)

nVerses Capital LLC bought a new stake in Gannett Co., Inc. (NYSE:GCI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,800 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Gannett by 1.5% in the second quarter. Rhumbline Advisers now owns 231,252 shares of the company’s stock worth $1,066,000 after acquiring an additional 3,333 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its position in Gannett by 0.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 515,066 shares of the company’s stock worth $2,895,000 after purchasing an additional 4,200 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Gannett by 9.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock worth $216,000 after buying an additional 7,732 shares in the last quarter. Simplicity Wealth LLC boosted its position in Gannett by 77.9% in the 2nd quarter. Simplicity Wealth LLC now owns 18,166 shares of the company’s stock valued at $84,000 after buying an additional 7,952 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new stake in shares of Gannett in the 2nd quarter valued at $49,000. 76.71% of the stock is owned by institutional investors.

Gannett Price Performance

Shares of GCI stock opened at $5.23 on Tuesday. 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 Co., Inc. has a 12-month low of $1.66 and a 12-month high of $5.93. The firm has a fifty day moving average of $5.19 and a 200-day moving average of $4.32. The firm has a market capitalization of $770.94 million, a price-to-earnings ratio of -6.01 and a beta of 2.49.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GCI. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price target on the stock in a research note on Tuesday, September 17th. JMP Securities upgraded shares of Gannett to a “strong-buy” rating in a research report on Friday, August 2nd.

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.