Kingsview Wealth Management LLC trimmed its stake in Gannett Co., Inc. (NYSE:GCI – Free Report) by 45.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,000 shares of the company’s stock after selling 45,000 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Gannett were worth $309,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Cambiar Investors LLC acquired a new position in Gannett in the 2nd quarter worth approximately $49,000. nVerses Capital LLC acquired a new position in shares of Gannett in the 3rd quarter valued at about $55,000. Dark Forest Capital Management LP purchased a new stake in shares of Gannett in the second quarter worth approximately $57,000. Sei Investments Co. acquired a new stake in shares of Gannett during the 2nd quarter valued at $64,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Gannett in the second quarter worth $76,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.
Gannett Stock Up 1.3 %
Gannett stock opened at $5.20 on Friday. The firm has a fifty day moving average price of $5.37 and a two-hundred day moving average price of $4.80. Gannett Co., Inc. has a fifty-two week low of $1.83 and a fifty-two week high of $5.93. The firm has a market cap of $765.79 million, a price-to-earnings ratio of -6.33 and a beta of 2.51. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.
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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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