Gannett Co., Inc. (NYSE:GCI) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,067 shares of the company’s stock after purchasing an additional 10,332 shares during the period. Ritholtz Wealth Management owned 0.07% of Gannett worth $491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Troluce Capital Advisors LLC acquired a new stake in shares of Gannett during the second quarter worth about $8,659,000. D. E. Shaw & Co. Inc. lifted its position in Gannett by 28.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 5,174,914 shares of the company’s stock worth $23,856,000 after acquiring an additional 1,149,459 shares during the period. Murchinson Ltd. purchased a new position in shares of Gannett in the 2nd quarter valued at approximately $2,536,000. Tenzing Global Management LLC acquired a new position in shares of Gannett in the third quarter valued at approximately $1,686,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Gannett during the third quarter worth approximately $1,489,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Gannett Price Performance

Shares of NYSE GCI opened at $4.99 on Tuesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. The company has a market cap of $734.84 million, a PE ratio of -6.15 and a beta of 2.55. The stock has a fifty day moving average price of $5.16 and a 200 day moving average price of $5.09. Gannett Co., Inc. has a 1-year low of $1.95 and a 1-year high of $5.93.

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.