Algert Global LLC Boosts Holdings in Gannett Co., Inc. (NYSE:GCI)

Algert Global LLC lifted its stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 349.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,050 shares of the company's stock after buying an additional 195,150 shares during the quarter. Algert Global LLC owned about 0.17% of Gannett worth $1,270,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aquatic Capital Management LLC acquired a new position in shares of Gannett in the 4th quarter valued at $35,000. Quantbot Technologies LP acquired a new position in Gannett in the 4th quarter valued at $51,000. Ieq Capital LLC acquired a new position in Gannett in the 4th quarter valued at $54,000. Straightline Group LLC acquired a new position in Gannett in the 4th quarter valued at $56,000. Finally, Xponance Inc. acquired a new position in shares of Gannett during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 76.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a "market outperform" rating and issued a $6.00 price objective on shares of Gannett in a research note on Monday, January 27th.

Insider Activity

In other news, CEO Michael Reed acquired 27,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were bought at an average price of $3.25 per share, for a total transaction of $87,750.00. Following the completion of the purchase, the chief executive officer now directly owns 3,134,722 shares of the company's stock, valued at approximately $10,187,846.50. This trade represents a 0.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.70% of the company's stock.

Gannett Price Performance

Shares of GCI stock remained flat at $3.71 during trading hours on Tuesday. 917,715 shares of the stock traded hands, compared to its average volume of 1,473,322. The stock has a market cap of $543.28 million, a price-to-earnings ratio of -6.87 and a beta of 2.67. Gannett Co., Inc. has a 1-year low of $2.55 and a 1-year high of $5.93. The company has a debt-to-equity ratio of 6.59, a quick ratio of 0.74 and a current ratio of 0.78. The business's 50-day moving average price is $3.16 and its two-hundred day moving average price is $4.32.

Gannett (NYSE:GCI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%. The business had revenue of $571.57 million for the quarter, compared to analysts' expectations of $592.97 million.

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.