Gannett (NYSE:GCI) Coverage Initiated at JMP Securities

JMP Securities initiated coverage on shares of Gannett (NYSE:GCI) 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.

Gannett Price Performance

Shares of NYSE:GCI opened at $4.70 on Monday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.75 and a current ratio of 0.79. The firm has a fifty day moving average price of $3.70 and a 200 day moving average price of $2.80. Gannett has a fifty-two week low of $1.66 and a fifty-two week high of $4.88. The firm has a market cap of $692.75 million, a price-to-earnings ratio of -5.40 and a beta of 2.50.

Gannett (NYSE:GCI) 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.