Caprock Group LLC Makes New $129,000 Investment in Gannett Co., Inc. (NYSE:GCI)

Caprock Group LLC acquired a new stake in Gannett Co., Inc. (NYSE:GCI) in the 3rd quarter, Holdings Channel reports. The firm acquired 22,981 shares of the company’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in Gannett by 9.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock valued at $216,000 after acquiring an additional 7,732 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of Gannett in the first quarter valued at $394,000. Simplicity Wealth LLC lifted its position in Gannett by 77.9% in the second quarter. Simplicity Wealth LLC now owns 18,166 shares of the company’s stock worth $84,000 after purchasing an additional 7,952 shares during the period. Silverberg Bernstein Capital Management LLC boosted its stake in Gannett by 2.8% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 510,866 shares of the company’s stock worth $2,355,000 after buying an additional 14,105 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Gannett by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 740,115 shares of the company’s stock valued at $3,412,000 after buying an additional 40,481 shares during the period. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JMP Securities raised shares of Gannett to a “strong-buy” rating in a report on Friday, August 2nd. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price objective on the stock in a report on Tuesday, September 17th.

Gannett Stock Up 0.6 %

Shares of NYSE GCI opened at $5.41 on Tuesday. Gannett Co., Inc. has a 52-week low of $1.83 and a 52-week high of $5.93. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79. The business has a fifty day moving average of $5.38 and a two-hundred day moving average of $4.77. The stock has a market cap of $797.49 million, a PE ratio of -6.68 and a beta of 2.51.

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.