PFG Investments LLC decreased its stake in shares of Gannett Co., Inc. (NYSE:GCI – Free Report) by 20.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 73,703 shares of the company’s stock after selling 19,070 shares during the period. PFG Investments LLC’s holdings in Gannett were worth $340,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. Rhumbline Advisers grew its holdings in Gannett by 1.5% during the second quarter. Rhumbline Advisers now owns 231,252 shares of the company’s stock valued at $1,066,000 after purchasing an additional 3,333 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Gannett by 9.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock valued at $216,000 after buying an additional 7,732 shares during the last quarter. Simplicity Wealth LLC raised its holdings in Gannett by 77.9% in the 2nd quarter. Simplicity Wealth LLC now owns 18,166 shares of the company’s stock worth $84,000 after acquiring an additional 7,952 shares during the period. Cambiar Investors LLC acquired a new position in Gannett during the 2nd quarter worth $49,000. Finally, Focus Financial Network Inc. ADV bought a new stake in Gannett during the fourth quarter valued at about $25,000. 76.71% of the stock is owned by institutional investors.
Gannett Stock Up 4.3 %
Shares of GCI opened at $4.47 on Friday. Gannett Co., Inc. has a 52 week low of $1.66 and a 52 week high of $5.91. The firm has a market capitalization of $658.80 million, a P/E ratio of -5.13 and a beta of 2.48. The company has a 50-day simple moving average of $4.75 and a 200-day simple moving average of $3.67. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.75 and a current ratio of 0.79.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on GCI shares. Citigroup lowered Gannett from a “neutral” rating to a “sell” rating and set a $5.10 price objective on the stock. in a research note on Wednesday, August 28th. JMP Securities raised Gannett to a “strong-buy” rating in a research report on Friday, August 2nd.
Get Our Latest Analysis on GCI
Gannett Company 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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