Bleakley Financial Group LLC Acquires 5,170 Shares of Gannett Co., Inc. (NYSE:GCI)

Bleakley Financial Group LLC boosted its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 30.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,368 shares of the company’s stock after acquiring an additional 5,170 shares during the period. Bleakley Financial Group LLC’s holdings in Gannett were worth $113,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Virtue Capital Management LLC lifted its holdings in shares of Gannett by 1.3% during the 3rd quarter. Virtue Capital Management LLC now owns 174,793 shares of the company’s stock worth $982,000 after acquiring an additional 2,258 shares during the period. Aigen Investment Management LP lifted its position in shares of Gannett by 22.5% during the 3rd quarter. Aigen Investment Management LP now owns 18,549 shares of the company’s stock worth $104,000 after buying an additional 3,405 shares during the last quarter. Pingora Partners LLC lifted its holdings in shares of Gannett by 5.4% in the third quarter. Pingora Partners LLC now owns 109,787 shares of the company’s stock worth $617,000 after acquiring an additional 5,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Gannett during the 3rd quarter valued at approximately $45,000. Finally, nVerses Capital LLC bought a new stake in shares of Gannett during the 3rd quarter valued at approximately $55,000. 76.71% of the stock is currently owned by institutional investors.

Gannett Price Performance

Gannett stock opened at $4.68 on Thursday. Gannett Co., Inc. has a 52-week low of $1.95 and a 52-week high of $5.93. The firm has a 50 day moving average price of $4.98 and a two-hundred day moving average price of $5.08. The firm has a market cap of $689.88 million, a price-to-earnings ratio of -5.78 and a beta of 2.53. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79.

Wall Street Analyst Weigh In

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

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.