American Century Companies Inc. Raises Holdings in Gannett Co., Inc. (NYSE:GCI)

American Century Companies Inc. increased its position in Gannett Co., Inc. (NYSE:GCI) by 15.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 301,927 shares of the company’s stock after purchasing an additional 39,693 shares during the period. American Century Companies Inc.’s holdings in Gannett were worth $1,528,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GCI. Quantbot Technologies LP purchased a new stake in shares of Gannett in the fourth quarter valued at about $51,000. Ieq Capital LLC purchased a new position in Gannett in the 4th quarter valued at $54,000. Xponance Inc. acquired a new position in shares of Gannett during the fourth quarter worth about $56,000. Cibc World Markets Corp purchased a new position in Gannett during the fourth quarter worth about $67,000. Finally, Cambiar Investors LLC increased its holdings in shares of Gannett by 27.2% in the 4th quarter. Cambiar Investors LLC now owns 13,558 shares of the company’s stock valued at $69,000 after purchasing an additional 2,898 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Gannett Trading Up 11.7 %

Shares of GCI stock opened at $2.95 on Thursday. Gannett Co., Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59. The business has a fifty day simple moving average of $3.68 and a 200-day simple moving average of $4.69. The stock has a market cap of $434.74 million, a P/E ratio of -5.46 and a beta of 2.21.

Gannett (NYSE:GCI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. Gannett had a negative net margin of 1.05% and a positive return on equity of 11.40%. The business had revenue of $621.28 million during the quarter, compared to analysts’ expectations of $635.09 million.

Analyst Upgrades and Downgrades

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

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.