Gannett Co., Inc. (NYSE:GCI) Shares Bought by Barclays PLC

Barclays PLC boosted its position in Gannett Co., Inc. (NYSE:GCI) by 341.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,056 shares of the company’s stock after purchasing an additional 168,711 shares during the period. Barclays PLC’s holdings in Gannett were worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GCI. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Gannett during the 3rd quarter valued at about $45,000. nVerses Capital LLC acquired a new stake in Gannett during the third quarter valued at approximately $55,000. Dark Forest Capital Management LP bought a new stake in Gannett during the second quarter worth approximately $57,000. PEAK6 Investments LLC acquired a new position in Gannett in the third quarter worth approximately $57,000. Finally, Sei Investments Co. bought a new position in shares of Gannett in the second quarter valued at $64,000. 76.71% of the stock is owned by institutional investors.

Gannett Price Performance

GCI stock opened at $4.98 on Monday. Gannett Co., Inc. has a one year low of $1.95 and a one year high of $5.93. The firm has a 50-day moving average of $5.26 and a two-hundred day moving average of $5.03. The firm has a market capitalization of $734.11 million, a PE ratio of -6.15 and a beta of 2.55. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88.

Wall Street Analyst Weigh In

Separately, Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price objective for the company in a research note on Tuesday, September 17th.

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.