AQR Capital Management LLC Cuts Stock Position in Gannett Co., Inc. (NYSE:GCI)

AQR Capital Management LLC lowered its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 84.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,798 shares of the company’s stock after selling 1,230,158 shares during the quarter. AQR Capital Management LLC owned approximately 0.15% of Gannett worth $1,022,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its stake in 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 purchasing an additional 557,079 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its stake in Gannett by 22.3% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 496,761 shares of the company’s stock valued at $1,212,000 after buying an additional 90,521 shares in the last quarter. Empowered Funds LLC raised its holdings in Gannett by 8.2% during 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 period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Gannett during the first quarter worth $236,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Gannett by 9.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock worth $216,000 after acquiring an additional 7,732 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Gannett Stock Performance

Shares of GCI opened at $5.39 on Friday. Gannett Co., Inc. has a 12-month low of $1.66 and a 12-month high of $5.93. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 3.83. The company has a market cap of $795.56 million, a PE ratio of -7.81 and a beta of 2.49. The stock has a 50-day moving average price of $5.04 and a 200-day moving average price of $4.16.

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

Wall Street Analysts Forecast Growth

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

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.