nVerses Capital LLC bought a new stake in Gannett Co., Inc. (NYSE:GCI – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,800 shares of the company’s stock, valued at approximately $55,000.
Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Gannett by 1.5% in the second quarter. Rhumbline Advisers now owns 231,252 shares of the company’s stock worth $1,066,000 after acquiring an additional 3,333 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its position in Gannett by 0.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 515,066 shares of the company’s stock worth $2,895,000 after purchasing an additional 4,200 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Gannett by 9.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock worth $216,000 after buying an additional 7,732 shares in the last quarter. Simplicity Wealth LLC boosted its position in Gannett by 77.9% in the 2nd quarter. Simplicity Wealth LLC now owns 18,166 shares of the company’s stock valued at $84,000 after buying an additional 7,952 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new stake in shares of Gannett in the 2nd quarter valued at $49,000. 76.71% of the stock is owned by institutional investors.
Gannett Price Performance
Shares of GCI stock opened at $5.23 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 3.83. Gannett Co., Inc. has a 12-month low of $1.66 and a 12-month high of $5.93. The firm has a fifty day moving average of $5.19 and a 200-day moving average of $4.32. The firm has a market capitalization of $770.94 million, a price-to-earnings ratio of -6.01 and a beta of 2.49.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on GCI. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price target on the stock in a research note on Tuesday, September 17th. JMP Securities upgraded shares of Gannett to a “strong-buy” rating in a research report on Friday, August 2nd.
Check Out Our Latest Research Report on GCI
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.
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