Fmr LLC Grows Position in Gannett Co., Inc. (NYSE:GCI)

Fmr LLC increased its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 150.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,389 shares of the company’s stock after acquiring an additional 49,479 shares during the quarter. Fmr LLC owned about 0.06% of Gannett worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its position in shares of Gannett by 28.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 5,174,914 shares of the company’s stock valued at $23,856,000 after purchasing an additional 1,149,459 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Gannett by 4.8% during 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 last quarter. Troluce Capital Advisors LLC purchased a new position in Gannett during the 2nd quarter valued at approximately $8,659,000. Millennium Management LLC increased its stake in Gannett by 18.9% in the 2nd quarter. Millennium Management LLC now owns 1,118,284 shares of the company’s stock worth $5,155,000 after acquiring an additional 177,446 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Gannett by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company’s stock worth $4,942,000 after acquiring an additional 148,524 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price for the company in a report on Tuesday, September 17th.

Gannett Trading Down 2.2 %

GCI opened at $4.91 on Friday. The stock has a 50-day moving average of $5.32 and a 200 day moving average of $4.98. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88. Gannett Co., Inc. has a 12 month low of $1.95 and a 12 month high of $5.93. The firm has a market cap of $723.78 million, a P/E ratio of -6.06 and a beta of 2.55.

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.