Quantbot Technologies LP Makes New Investment in Gannett Co., Inc. (NYSE:GCI)

Quantbot Technologies LP purchased a new stake in Gannett Co., Inc. (NYSE:GCI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,046 shares of the company’s stock, valued at approximately $51,000.

Other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in shares of Gannett in the third quarter worth $309,000. FMR LLC grew its position in Gannett by 150.3% in the 3rd quarter. FMR LLC now owns 82,389 shares of the company’s stock worth $463,000 after purchasing an additional 49,479 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Gannett in the 3rd quarter worth $45,000. PEAK6 Investments LLC bought a new position in shares of Gannett during the 3rd quarter worth about $57,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Gannett during the third quarter valued at about $1,302,000. 76.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Gannett Stock Performance

Shares of NYSE GCI opened at $3.02 on Wednesday. The firm has a market capitalization of $444.32 million, a price-to-earnings ratio of -5.58 and a beta of 2.48. Gannett Co., Inc. has a one year low of $2.24 and a one year high of $5.93. The business has a fifty day simple moving average of $3.97 and a 200 day simple moving average of $4.82. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59.

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

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.