Caprock Group LLC Purchases 12,788 Shares of Gannett Co., Inc. (NYSE:GCI)

Caprock Group LLC boosted its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 55.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,769 shares of the company’s stock after buying an additional 12,788 shares during the period. Caprock Group LLC’s holdings in Gannett were worth $181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Gannett by 3.0% during the 3rd quarter. State Street Corp now owns 4,058,266 shares of the company’s stock valued at $22,807,000 after acquiring an additional 116,716 shares during the last quarter. Millennium Management LLC raised its stake in Gannett by 18.9% in the second quarter. Millennium Management LLC now owns 1,118,284 shares of the company’s stock valued at $5,155,000 after purchasing an additional 177,446 shares in the last quarter. Empowered Funds LLC lifted its position in Gannett by 5.4% during the third quarter. Empowered Funds LLC now owns 887,446 shares of the company’s stock valued at $4,987,000 after purchasing an additional 45,158 shares during the last quarter. Tenzing Global Management LLC purchased a new position in Gannett in the 3rd quarter worth approximately $1,686,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Gannett in the 3rd quarter worth $1,489,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $6.00 price objective on shares of Gannett in a report on Monday, January 27th.

Gannett Price Performance

Shares of Gannett stock opened at $4.66 on Friday. The firm has a market capitalization of $686.93 million, a PE ratio of -5.75 and a beta of 2.53. 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 business’s 50-day moving average price is $5.03 and its 200-day moving average price is $5.08.

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.