Gannett Co., Inc. (NYSE:GCI) Shares Bought by Barclays PLC

Barclays PLC grew its position in Gannett Co., Inc. (NYSE:GCI) by 341.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,056 shares of the company’s stock after purchasing an additional 168,711 shares during the period. Barclays PLC owned approximately 0.15% of Gannett worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GCI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Gannett in the 3rd quarter valued at $45,000. nVerses Capital LLC acquired a new stake in Gannett in the 3rd quarter valued at $55,000. Dark Forest Capital Management LP purchased a new position in Gannett in the second quarter valued at about $57,000. PEAK6 Investments LLC purchased a new position in Gannett in the third quarter valued at about $57,000. Finally, Sei Investments Co. acquired a new position in shares of Gannett during the second quarter worth about $64,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Analysts Set New Price Targets

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

Gannett Stock Performance

Gannett stock opened at $4.98 on Monday. The company has a market cap of $734.11 million, a PE ratio of -6.15 and a beta of 2.55. Gannett Co., Inc. has a 12 month low of $1.95 and a 12 month high of $5.93. The company has a fifty day moving average price of $5.26 and a two-hundred day moving average price of $5.03. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.

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.