Gannett Co., Inc. (NYSE:GCI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,042,280 shares of the company’s stock after selling 200,055 shares during the period. Geode Capital Management LLC owned 2.06% of Gannett worth $17,101,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Gannett during the third quarter valued at approximately $1,302,000. Renaissance Technologies LLC raised its stake in shares of Gannett by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company’s stock valued at $4,942,000 after acquiring an additional 148,524 shares during the period. Troluce Capital Advisors LLC acquired a new position in shares of Gannett during the 2nd quarter valued at $8,659,000. Hanseatic Management Services Inc. boosted its position in Gannett by 9,629.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock worth $1,006,000 after purchasing an additional 177,089 shares during the period. Finally, State Street Corp increased its holdings in Gannett by 3.0% in the 3rd quarter. State Street Corp now owns 4,058,266 shares of the company’s stock valued at $22,807,000 after purchasing an additional 116,716 shares in the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded 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 Stock Down 2.2 %

NYSE GCI opened at $4.98 on Monday. The stock has a market cap of $734.11 million, a PE ratio of -6.15 and a beta of 2.55. The business has a 50 day moving average price of $5.26 and a two-hundred day moving average price of $5.03. Gannett Co., Inc. has a fifty-two week low of $1.95 and a fifty-two week high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.88.

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.