Rhumbline Advisers Has $1.07 Million Stake in Gannett Co., Inc. (NYSE:GCI)

Rhumbline Advisers boosted its holdings in Gannett Co., Inc. (NYSE:GCI) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 231,252 shares of the company’s stock after purchasing an additional 3,333 shares during the quarter. Rhumbline Advisers’ holdings in Gannett were worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GSA Capital Partners LLP lifted its stake in shares of Gannett by 103.2% in the fourth quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company’s stock valued at $2,523,000 after buying an additional 557,079 shares in the last quarter. Kennedy Capital Management LLC bought a new position in Gannett in the 1st quarter valued at about $394,000. Apollo Management Holdings L.P. boosted its stake in Gannett by 34.8% during the 4th quarter. Apollo Management Holdings L.P. now owns 11,589,025 shares of the company’s stock valued at $26,655,000 after purchasing an additional 2,994,806 shares during the last quarter. Bailard Inc. acquired a new position in Gannett during the 2nd quarter valued at about $260,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Gannett during the 4th quarter worth approximately $82,000. Institutional investors own 76.71% of the company’s stock.

Gannett Stock Performance

Shares of GCI opened at $5.22 on Monday. The stock has a 50 day moving average of $4.82 and a 200 day moving average of $3.83. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 3.83. Gannett Co., Inc. has a 12 month low of $1.66 and a 12 month high of $5.93. The company has a market capitalization of $770.20 million, a price-to-earnings ratio of -6.00 and a beta of 2.48.

Gannett (NYSE:GCI) last released its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.25. The company had revenue of $639.84 million for the quarter. Gannett had a negative return on equity of 17.12% and a negative net margin of 3.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on GCI. JMP Securities raised shares of Gannett to a “strong-buy” rating in a report on Friday, August 2nd. Citigroup raised shares of Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price target on the stock in a research report on Tuesday, September 17th.

About Gannett

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.