Gannett (NYSE:GCI) Shares Down 4.5%

Gannett Co., Inc. (NYSE:GCIGet Free Report) shares fell 4.5% on Monday . The stock traded as low as $4.20 and last traded at $4.20. 274,190 shares were traded during trading, a decline of 71% from the average session volume of 930,154 shares. The stock had previously closed at $4.40.

Analyst Ratings Changes

Separately, Citigroup raised Gannett from a “sell” rating to a “neutral” rating and raised their price target for the stock from $1.95 to $3.60 in a report on Friday, May 24th.

View Our Latest Stock Analysis on GCI

Gannett Price Performance

The company has a fifty day moving average of $3.25 and a two-hundred day moving average of $2.61. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 4.16.

Gannett (NYSE:GCIGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.26) EPS for the quarter. The firm had revenue of $635.76 million for the quarter. Gannett had a negative return on equity of 27.67% and a negative net margin of 4.67%.

Institutional Investors Weigh In On Gannett

A number of institutional investors have recently added to or reduced their stakes in GCI. Vanguard Personalized Indexing Management LLC acquired a new stake in Gannett in the third quarter valued at $25,000. Aigen Investment Management LP purchased a new position in shares of Gannett in the 3rd quarter valued at about $69,000. Acadian Asset Management LLC lifted its stake in shares of Gannett by 372.8% in the third quarter. Acadian Asset Management LLC now owns 2,340,976 shares of the company’s stock valued at $5,732,000 after purchasing an additional 1,845,888 shares during the period. EAM Investors LLC purchased a new stake in Gannett during the third quarter worth about $1,044,000. Finally, Numerai GP LLC acquired a new position in Gannett during the third quarter worth about $77,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

About Gannett

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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.

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