Airain ltd Cuts Holdings in Gannett Co., Inc. (GCI)

Airain ltd decreased its position in shares of Gannett Co., Inc. (NYSE:GCI) by 63.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,543 shares of the company’s stock after selling 74,072 shares during the quarter. Airain ltd’s holdings in Gannett Co. were worth $371,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GCI. Miles Capital Inc. lifted its holdings in Gannett Co. by 0.3% in the 1st quarter. Miles Capital Inc. now owns 17,702 shares of the company’s stock valued at $148,000 after purchasing an additional 48 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Gannett Co. by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 12,571 shares of the company’s stock worth $110,000 after acquiring an additional 89 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of Gannett Co. by 1.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 43,910 shares of the company’s stock worth $368,000 after acquiring an additional 440 shares during the period. Texas Permanent School Fund raised its holdings in shares of Gannett Co. by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 82,928 shares of the company’s stock worth $723,000 after acquiring an additional 692 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Gannett Co. by 1.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 64,330 shares of the company’s stock worth $539,000 after acquiring an additional 970 shares during the period. Hedge funds and other institutional investors own 81.63% of the company’s stock.

Gannett Co., Inc. (GCI) opened at 8.34 on Friday. Gannett Co., Inc. has a 12-month low of $7.30 and a 12-month high of $12.39. The firm’s market cap is $947.65 million. The stock has a 50 day moving average price of $8.35 and a 200-day moving average price of $8.50.

Gannett Co. (NYSE:GCI) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $774.50 million during the quarter, compared to the consensus estimate of $783.06 million. Gannett Co. had a negative net margin of 0.07% and a positive return on equity of 11.30%. Gannett Co.’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. Equities analysts forecast that Gannett Co., Inc. will post $0.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Wednesday, August 30th. Gannett Co.’s dividend payout ratio (DPR) is presently -3,200.00%.

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A number of equities analysts have recently commented on GCI shares. ValuEngine downgraded Gannett Co. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded Gannett Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Gannett Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded Gannett Co. from a “d” rating to a “c-” rating in a research note on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.00.

Gannett Co. Profile

Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.

Institutional Ownership by Quarter for Gannett Co. (NYSE:GCI)

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