Gannett (NYSE:GCI) Sees Strong Trading Volume

Gannett Co., Inc. (NYSE:GCI) shares saw an uptick in trading volume on Tuesday . 447,473 shares changed hands during trading, a decline of 62% from the previous session’s volume of 1,164,609 shares.The stock last traded at $5.22 and had previously closed at $4.61.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GCI shares. JMP Securities upgraded shares of Gannett to a “strong-buy” rating in a research note on Friday, August 2nd. Citigroup upgraded shares of Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price on the stock in a research report on Tuesday.

Gannett Trading Up 19.1 %

The firm’s 50-day simple moving average is $4.75 and its 200 day simple moving average is $3.73. The firm has a market capitalization of $810.04 million, a price-to-earnings ratio of -6.00 and a beta of 2.48. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.79 and a quick ratio of 0.75.

Gannett (NYSE:GCI) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.25. The business had revenue of $639.84 million for the quarter. Gannett had a negative return on equity of 17.12% and a negative net margin of 3.71%.

Institutional Trading of Gannett

A number of hedge funds have recently added to or reduced their stakes in GCI. Dynamic Technology Lab Private Ltd bought a new position in shares of Gannett in the 4th quarter valued at $82,000. Focus Financial Network Inc. ADV bought a new position in Gannett in the fourth quarter valued at about $25,000. Pingora Partners LLC acquired a new stake in shares of Gannett during the fourth quarter valued at about $342,000. Apollo Management Holdings L.P. grew its holdings in shares of Gannett by 34.8% during the fourth quarter. Apollo Management Holdings L.P. now owns 11,589,025 shares of the company’s stock worth $26,655,000 after purchasing an additional 2,994,806 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Gannett by 103.2% in the fourth quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company’s stock valued at $2,523,000 after buying an additional 557,079 shares during the period. Institutional investors and hedge funds own 76.71% of the company’s stock.

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.