Peak6 LLC Acquires Shares of 93,591 Gannett Co., Inc. (NYSE:GCI)

PEAK6 LLC acquired a new stake in Gannett Co., Inc. (NYSE:GCI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 93,591 shares of the company's stock, valued at approximately $474,000. PEAK6 LLC owned about 0.06% of Gannett at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of Gannett by 3.0% during the 3rd quarter. State Street Corp now owns 4,058,266 shares of the company's stock worth $22,807,000 after purchasing an additional 116,716 shares during the period. Barclays PLC lifted its position in Gannett by 341.9% during the third quarter. Barclays PLC now owns 218,056 shares of the company's stock worth $1,224,000 after buying an additional 168,711 shares during the period. Caprock Group LLC boosted its stake in Gannett by 55.6% in the 4th quarter. Caprock Group LLC now owns 35,769 shares of the company's stock worth $181,000 after buying an additional 12,788 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Gannett by 11.9% in the 4th quarter. Ritholtz Wealth Management now owns 97,067 shares of the company's stock valued at $491,000 after buying an additional 10,332 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Gannett by 471.8% during the 3rd quarter. Principal Financial Group Inc. now owns 79,585 shares of the company's stock valued at $447,000 after acquiring an additional 65,667 shares during the last quarter. Hedge funds and other institutional investors own 76.71% of the company's stock.

Gannett Trading Up 1.5 %

NYSE:GCI traded up $0.05 on Friday, hitting $3.49. 1,040,965 shares of the stock were exchanged, compared to its average volume of 1,459,738. The stock has a fifty day moving average of $3.32 and a 200-day moving average of $4.50. The stock has a market cap of $511.06 million, a PE ratio of -6.46 and a beta of 2.21. 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 fifty-two week low of $2.35 and a fifty-two week high of $5.93.

Gannett (NYSE:GCI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, beating 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 firm had revenue of $621.28 million for the quarter, compared to analysts' expectations of $635.09 million.

Analysts Set New Price Targets

Separately, JMP Securities restated a "market outperform" rating and issued a $6.00 target price on shares of Gannett in a report on Monday, January 27th.

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.