PEAK6 Investments LLC Buys New Shares in Gannett Co., Inc. (NYSE:GCI)

PEAK6 Investments LLC purchased a new stake in Gannett Co., Inc. (NYSE:GCI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,195 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GCI. Price T Rowe Associates Inc. MD lifted its holdings in shares of Gannett by 9.6% during the 1st 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. Simplicity Wealth LLC grew its stake in shares of Gannett by 77.9% in the 2nd quarter. Simplicity Wealth LLC now owns 18,166 shares of the company’s stock valued at $84,000 after purchasing an additional 7,952 shares during the period. Silverberg Bernstein Capital Management LLC lifted its position in shares of Gannett by 2.8% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 510,866 shares of the company’s stock worth $2,355,000 after buying an additional 14,105 shares during the period. Bank of New York Mellon Corp boosted its stake in Gannett by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 740,115 shares of the company’s stock valued at $3,412,000 after buying an additional 40,481 shares in the last quarter. Finally, Bailard Inc. bought a new stake in Gannett in the second quarter valued at $260,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Gannett Trading Down 4.5 %

Shares of GCI opened at $5.21 on Friday. The stock has a fifty day moving average price of $5.36 and a two-hundred day moving average price of $4.86. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79. The company has a market cap of $767.27 million, a price-to-earnings ratio of -6.43 and a beta of 2.55. Gannett Co., Inc. has a 52-week low of $1.86 and a 52-week high of $5.93.

Analyst Ratings Changes

Separately, Citigroup raised 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.

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.