Gannett’s (GCI) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Gannett (NYSE:GCI) in a research note published on Monday morning,Benzinga reports. The brokerage currently has a $6.00 target price on the stock.

Gannett Stock Down 4.1 %

Shares of GCI opened at $4.56 on Monday. The business’s 50 day moving average is $5.12 and its 200 day moving average is $5.10. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88. Gannett has a 12-month low of $1.95 and a 12-month high of $5.93. The company has a market capitalization of $671.45 million, a PE ratio of -5.62 and a beta of 2.55.

Institutional Trading of Gannett

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bleakley Financial Group LLC increased its stake in Gannett by 30.1% in the 4th quarter. Bleakley Financial Group LLC now owns 22,368 shares of the company’s stock worth $113,000 after acquiring an additional 5,170 shares during the last quarter. Caprock Group LLC increased its position in Gannett by 55.6% in the fourth quarter. Caprock Group LLC now owns 35,769 shares of the company’s stock worth $181,000 after purchasing an additional 12,788 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Gannett during the fourth quarter valued at $108,000. Ritholtz Wealth Management lifted its position in Gannett by 11.9% during the fourth quarter. Ritholtz Wealth Management now owns 97,067 shares of the company’s stock valued at $491,000 after purchasing an additional 10,332 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Gannett by 471.8% during the third quarter. Principal Financial Group Inc. now owns 79,585 shares of the company’s stock valued at $447,000 after purchasing an additional 65,667 shares during 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.