Cubist Systematic Strategies LLC Has $622,000 Position in Gannett Co., Inc. $GCI

Key Points

• Cubist Systematic Strategies LLC increased its stake in Gannett Co., Inc. by 313.5% in the first quarter, owning approximately 215,295 shares worth $622,000.
• Deutsche Bank AG and Nuveen Asset Management LLC significantly raised their holdings in Gannett by 350.6% and 68.5% respectively, reflecting a growing interest among institutional investors.
• Gannett reported a quarterly EPS of $0.45, surpassing the consensus estimate, despite revenue falling slightly short of expectations at $584.86 million.

Cubist Systematic Strategies LLC increased its stake in Gannett Co., Inc. (NYSE:GCI - Free Report) by 313.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 215,295 shares of the company's stock after purchasing an additional 163,229 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.15% of Gannett worth $622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in Gannett by 350.6% in the 4th quarter. Deutsche Bank AG now owns 339,125 shares of the company's stock worth $1,716,000 after purchasing an additional 263,867 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Gannett by 68.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,431,937 shares of the company's stock worth $12,306,000 after purchasing an additional 988,990 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Gannett by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 89,419 shares of the company's stock worth $258,000 after purchasing an additional 3,074 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Gannett by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,774 shares of the company's stock worth $409,000 after purchasing an additional 2,818 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Gannett by 49.3% in the 4th quarter. ProShare Advisors LLC now owns 39,975 shares of the company's stock worth $202,000 after purchasing an additional 13,201 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Gannett Stock Performance

Shares of NYSE GCI opened at $4.12 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 3.89. The business's 50 day moving average is $3.95 and its two-hundred day moving average is $3.56. The company has a market cap of $603.34 million, a P/E ratio of 12.10 and a beta of 2.64. Gannett Co., Inc. has a 12 month low of $2.55 and a 12 month high of $5.93.

Gannett (NYSE:GCI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.49. The company had revenue of $584.86 million for the quarter, compared to the consensus estimate of $593.13 million. Gannett had a return on equity of 53.24% and a net margin of 4.84%.

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.

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