Janus Henderson Group PLC Acquires New Stake in Gannett Co., Inc. (NYSE:GCI)

Janus Henderson Group PLC bought a new stake in Gannett Co., Inc. (NYSE:GCI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 59,500 shares of the company’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also bought and sold shares of GCI. Price T Rowe Associates Inc. MD grew its position in shares of Gannett by 9.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock valued at $216,000 after acquiring an additional 7,732 shares during the period. Bank of New York Mellon Corp grew its holdings in Gannett by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 740,115 shares of the company’s stock valued at $3,412,000 after purchasing an additional 40,481 shares during the period. Bailard Inc. purchased a new stake in Gannett in the second quarter worth about $260,000. Cambiar Investors LLC bought a new position in shares of Gannett in the second quarter worth about $49,000. Finally, Rhumbline Advisers lifted its position in shares of Gannett by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 231,252 shares of the company’s stock valued at $1,066,000 after buying an additional 3,333 shares in the last quarter. 76.71% of the stock is owned by hedge funds and other institutional investors.

Gannett Trading Down 5.5 %

Shares of GCI stock opened at $5.32 on Monday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79. The stock has a fifty day simple moving average of $5.34 and a two-hundred day simple moving average of $4.96. The firm has a market capitalization of $784.22 million, a PE ratio of -6.57 and a beta of 2.55. Gannett Co., Inc. has a 52-week low of $1.95 and a 52-week high of $5.93.

Analyst Upgrades and Downgrades

Separately, 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 note on Tuesday, September 17th.

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.