BNP Paribas Financial Markets Takes Position in Gannett Co., Inc. (NYSE:GCI)

BNP Paribas Financial Markets bought a new position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 151,881 shares of the company's stock, valued at approximately $769,000. BNP Paribas Financial Markets owned approximately 0.10% of Gannett as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Cambiar Investors LLC grew its position in Gannett by 27.2% in the fourth quarter. Cambiar Investors LLC now owns 13,558 shares of the company's stock worth $69,000 after acquiring an additional 2,898 shares during the period. Legal & General Group Plc lifted its position in shares of Gannett by 3.6% during the 4th quarter. Legal & General Group Plc now owns 134,429 shares of the company's stock worth $680,000 after purchasing an additional 4,710 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Gannett by 30.1% in the fourth quarter. Bleakley Financial Group LLC now owns 22,368 shares of the company's stock valued at $113,000 after acquiring an additional 5,170 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Gannett by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 86,345 shares of the company's stock valued at $437,000 after buying an additional 6,760 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Gannett in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 76.71% of the company's stock.

Insider Activity at Gannett

In related news, CEO Michael Reed bought 27,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was bought at an average price of $3.25 per share, with a total value of $87,750.00. Following the transaction, the chief executive officer now 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.20% of the company's stock.

Gannett Stock Performance

NYSE:GCI traded down $0.06 during mid-day trading on Wednesday, reaching $3.43. The stock had a trading volume of 27,851 shares, compared to its average volume of 1,470,335. 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 firm has a market capitalization of $501.54 million, a price-to-earnings ratio of -6.34 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 business has a 50 day simple moving average of $3.24 and a 200 day simple moving average of $4.20.

Gannett (NYSE:GCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates 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.