Barclays PLC Buys 168,711 Shares of Gannett Co., Inc. (NYSE:GCI)

Barclays PLC raised its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 341.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,056 shares of the company’s stock after acquiring an additional 168,711 shares during the period. Barclays PLC’s holdings in Gannett were worth $1,224,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Gannett during the 3rd quarter worth $45,000. nVerses Capital LLC bought a new stake in Gannett in the third quarter worth about $55,000. Dark Forest Capital Management LP bought a new stake in Gannett in the second quarter worth about $57,000. PEAK6 Investments LLC purchased a new position in Gannett in the third quarter valued at about $57,000. Finally, Sei Investments Co. bought a new position in shares of Gannett during the 2nd quarter valued at approximately $64,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Gannett Stock Down 0.4 %

Shares of NYSE:GCI opened at $4.96 on Tuesday. The company has a market cap of $731.16 million, a price-to-earnings ratio of -6.12 and a beta of 2.55. Gannett Co., Inc. has a one year low of $1.95 and a one year high of $5.93. The firm has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $5.08. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price on the stock in a research note on Tuesday, September 17th.

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.