Principal Financial Group Inc. Has $447,000 Stock Position in Gannett Co., Inc. (NYSE:GCI)

Principal Financial Group Inc. increased its stake in Gannett Co., Inc. (NYSE:GCI) by 471.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,585 shares of the company’s stock after purchasing an additional 65,667 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of Gannett worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kennedy Capital Management LLC acquired a new stake in shares of Gannett during the first quarter worth approximately $394,000. Renaissance Technologies LLC lifted its position in Gannett by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company’s stock worth $4,942,000 after buying an additional 148,524 shares in the last quarter. Troluce Capital Advisors LLC acquired a new stake in shares of Gannett during the 2nd quarter valued at $8,659,000. Hanseatic Management Services Inc. grew its holdings in shares of Gannett by 9,629.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock valued at $1,006,000 after acquiring an additional 177,089 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Gannett by 1,200.4% in the second quarter. Squarepoint Ops LLC now owns 254,545 shares of the company’s stock worth $1,173,000 after acquiring an additional 234,971 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Upgrades and Downgrades

GCI has been the topic of several analyst reports. JMP Securities raised shares of Gannett to a “strong-buy” rating in a research report on Friday, August 2nd. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price objective on the stock in a report on Tuesday, September 17th.

Gannett Trading Up 4.5 %

Shares of NYSE GCI opened at $5.38 on Monday. Gannett Co., Inc. has a 1-year low of $1.83 and a 1-year high of $5.93. The company has a 50-day moving average of $5.38 and a two-hundred day moving average of $4.77. The company has a market cap of $793.07 million, a PE ratio of -6.64 and a beta of 2.51. 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 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.