Gannett Co., Inc. (NYSE:GCI) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in Gannett Co., Inc. (NYSE:GCI) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 932,992 shares of the company’s stock after purchasing an additional 45,546 shares during the quarter. Empowered Funds LLC’s holdings in Gannett were worth $4,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GCI. Creative Planning acquired a new position in shares of Gannett during the 2nd quarter valued at about $299,000. Ritholtz Wealth Management acquired a new position in Gannett during the third quarter worth approximately $487,000. nVerses Capital LLC acquired a new position in Gannett during the third quarter worth approximately $55,000. Hanseatic Management Services Inc. boosted its holdings in shares of Gannett by 9,629.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock valued at $1,006,000 after purchasing an additional 177,089 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Gannett by 471.8% in the 3rd quarter. Principal Financial Group Inc. now owns 79,585 shares of the company’s stock valued at $447,000 after purchasing an additional 65,667 shares during the last quarter. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Gannett Stock Performance

NYSE GCI opened at $4.68 on Wednesday. The business’s 50-day simple moving average is $4.99 and its 200-day simple moving average is $5.08. The firm has a market capitalization of $689.14 million, a P/E ratio of -5.77 and a beta of 2.53. Gannett Co., Inc. has a 1-year low of $1.95 and a 1-year high of $5.93. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $6.00 target price 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.