9,800 Shares in Gannett Co., Inc. (NYSE:GCI) Purchased by nVerses Capital LLC

nVerses Capital LLC bought a new stake in Gannett Co., Inc. (NYSE:GCI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,800 shares of the company’s stock, valued at approximately $55,000.

A number of other large investors have also recently bought and sold shares of the company. Cambiar Investors LLC acquired a new stake in shares of Gannett in the second quarter valued at approximately $49,000. Dark Forest Capital Management LP bought a new position in Gannett in the second quarter valued at $57,000. Sei Investments Co. acquired a new stake in Gannett in the 2nd quarter valued at $64,000. Point72 Asset Management L.P. bought a new stake in Gannett during the 2nd quarter worth about $76,000. Finally, Simplicity Wealth LLC boosted its stake in shares of Gannett by 77.9% during the 2nd quarter. Simplicity Wealth LLC now owns 18,166 shares of the company’s stock worth $84,000 after buying an additional 7,952 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analysts Set New Price Targets

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

Gannett Stock Down 4.1 %

Shares of GCI stock opened at $5.23 on Tuesday. Gannett Co., Inc. has a 52-week low of $1.66 and a 52-week high of $5.93. The stock has a market cap of $770.94 million, a price-to-earnings ratio of -6.01 and a beta of 2.49. The firm’s 50-day moving average is $5.19 and its 200-day moving average is $4.32. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.75 and a current ratio of 0.79.

Gannett (NYSE:GCI) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.25. Gannett had a negative return on equity of 17.12% and a negative net margin of 3.71%. The firm had revenue of $639.84 million for the quarter.

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.