Gannett Co., Inc. (NYSE:GCI) Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Gannett Co., Inc. (NYSE:GCI) by 62.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,344 shares of the company’s stock after purchasing an additional 34,369 shares during the quarter. Intech Investment Management LLC owned 0.06% of Gannett worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Gannett in the 3rd quarter valued at about $45,000. Ieq Capital LLC bought a new position in shares of Gannett during the fourth quarter valued at approximately $54,000. PEAK6 Investments LLC acquired a new stake in shares of Gannett during the 3rd quarter worth approximately $57,000. Paloma Partners Management Co bought a new stake in shares of Gannett in the 3rd quarter worth approximately $66,000. Finally, Cibc World Markets Corp acquired a new position in Gannett during the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and set a $6.00 price target on shares of Gannett in a report on Monday, January 27th.

Gannett Price Performance

Shares of NYSE:GCI opened at $3.16 on Tuesday. The firm’s 50 day moving average is $4.20 and its two-hundred day moving average is $4.88. The firm has a market capitalization of $464.95 million, a P/E ratio of -5.84 and a beta of 2.48. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59. Gannett Co., Inc. has a 52 week low of $2.21 and a 52 week high of $5.93.

Gannett (NYSE:GCI) last announced its earnings results on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%. The firm had revenue of $621.28 million for the quarter, compared to the consensus estimate of $635.09 million.

Gannett 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.