Gannett Co., Inc. (NYSE:GCI) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Gannett Co., Inc. (NYSE:GCI - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,968,839 shares of the company's stock after purchasing an additional 215,965 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.37% of Gannett worth $25,141,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co bought a new position in Gannett during the 4th quarter worth approximately $75,000. PEAK6 LLC bought a new position in Gannett during the 4th quarter worth approximately $474,000. Portolan Capital Management LLC bought a new position in Gannett during the 4th quarter worth approximately $2,889,000. Barclays PLC boosted its stake in Gannett by 11.5% during the 4th quarter. Barclays PLC now owns 243,171 shares of the company's stock worth $1,231,000 after acquiring an additional 25,115 shares during the last quarter. Finally, Straightline Group LLC bought a new position in Gannett during the 4th quarter worth approximately $56,000. Institutional investors own 76.71% of the company's stock.

Gannett Stock Up 1.2%

GCI traded up $0.05 during trading on Monday, reaching $3.76. 301,040 shares of the stock were exchanged, compared to its average volume of 1,465,789. The stock has a market cap of $550.01 million, a P/E ratio of -7.03 and a beta of 2.67. Gannett Co., Inc. has a twelve month low of $2.55 and a twelve month high of $5.93. The stock's 50 day moving average price is $3.16 and its two-hundred day moving average price is $4.34. The company has a debt-to-equity ratio of 6.59, a quick ratio of 0.74 and a current ratio of 0.78.

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

Insider Buying and Selling at Gannett

In other news, CEO Michael Reed bought 27,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were purchased at an average cost of $3.25 per share, with a total value of $87,750.00. Following the acquisition, the chief executive officer now directly owns 3,134,722 shares in the company, valued at $10,187,846.50. This represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.70% of the company's stock.

Analyst Ratings Changes

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

Gannett Company 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.