Bank of New York Mellon Corp Has $2.19 Million Stock Position in Gannett Co., Inc. (NYSE:GCI)

Bank of New York Mellon Corp lowered its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 30.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 432,208 shares of the company’s stock after selling 189,042 shares during the period. Bank of New York Mellon Corp owned about 0.29% of Gannett worth $2,187,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Gannett during the 3rd quarter worth $1,302,000. State Street Corp grew its position in Gannett by 3.0% during the 3rd quarter. State Street Corp now owns 4,058,266 shares of the company’s stock worth $22,807,000 after acquiring an additional 116,716 shares during the last quarter. Barclays PLC grew its position in Gannett by 341.9% during the 3rd quarter. Barclays PLC now owns 218,056 shares of the company’s stock worth $1,224,000 after acquiring an additional 168,711 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Gannett by 11.9% in the 4th quarter. Ritholtz Wealth Management now owns 97,067 shares of the company’s stock valued at $491,000 after buying an additional 10,332 shares during the last quarter. Finally, Caprock Group LLC grew its position in shares of Gannett by 55.6% in the 4th quarter. Caprock Group LLC now owns 35,769 shares of the company’s stock valued at $181,000 after buying an additional 12,788 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Gannett Stock Performance

Shares of Gannett stock opened at $3.05 on Friday. The company has a market cap of $448.74 million, a PE ratio of -5.64 and a beta of 2.48. Gannett Co., Inc. has a 52 week low of $2.14 and a 52 week high of $5.93. The business has a 50 day moving average price of $4.24 and a 200-day moving average price of $4.89. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59.

Gannett (NYSE:GCI) last released its earnings results on Thursday, February 20th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%. The company had revenue of $621.28 million during the quarter, compared to analyst estimates of $635.09 million.

Analyst Upgrades and Downgrades

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

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.