JMP Securities initiated coverage on shares of Gannett (NYSE:GCI – Free Report) in a research report report published on Monday, MarketBeat reports. The firm issued an outperform rating and a $6.00 target price on the stock.
Separately, Citigroup raised shares of Gannett from a sell rating to a neutral rating and increased their target price for the company from $1.95 to $3.60 in a research note on Friday, May 24th.
Get Our Latest Stock Analysis on GCI
Gannett Price Performance
Gannett (NYSE:GCI – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $635.76 million for the quarter. Gannett had a negative net margin of 4.67% and a negative return on equity of 27.67%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp grew its holdings in Gannett by 5.5% during the 4th quarter. Mackenzie Financial Corp now owns 87,186 shares of the company’s stock worth $201,000 after acquiring an additional 4,562 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Gannett by 9.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock valued at $216,000 after buying an additional 7,732 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of Gannett in the 1st quarter valued at about $25,000. Focus Financial Network Inc. ADV bought a new stake in shares of Gannett in the 4th quarter valued at about $25,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Gannett by 108.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 29,008 shares of the company’s stock valued at $67,000 after buying an additional 15,066 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors.
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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