Gannett Co., Inc. (NYSE:GCI) Stock Position Lowered by XTX Topco Ltd

XTX Topco Ltd cut its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 48.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,642 shares of the company’s stock after selling 61,987 shares during the period. XTX Topco Ltd’s holdings in Gannett were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Apollo Management Holdings L.P. increased its stake in shares of Gannett by 6.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 12,292,642 shares of the company’s stock valued at $29,994,000 after buying an additional 703,617 shares during the period. Dimensional Fund Advisors LP raised its holdings in Gannett by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,979,617 shares of the company’s stock worth $22,954,000 after acquiring an additional 229,539 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Gannett by 103.2% in the fourth quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company’s stock valued at $2,523,000 after buying an additional 557,079 shares during the period. Renaissance Technologies LLC lifted its stake in Gannett by 16.1% during the second quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company’s stock worth $4,942,000 after purchasing an additional 148,524 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Gannett by 8.2% in the 1st quarter. Empowered Funds LLC now owns 781,628 shares of the company’s stock valued at $1,907,000 after acquiring an additional 59,243 shares during the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Gannett Stock Performance

Shares of NYSE:GCI opened at $5.64 on Friday. The company has a market cap of $832.17 million, a price-to-earnings ratio of -6.48 and a beta of 2.48. The company has a 50-day moving average price of $4.89 and a 200-day moving average price of $3.92. The company has a current ratio of 0.79, a quick ratio of 0.75 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.

Gannett (NYSE:GCI) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.25. The business had revenue of $639.84 million for the quarter. Gannett had a negative net margin of 3.71% and a negative return on equity of 17.12%.

Analyst Upgrades and Downgrades

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

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.