Cubist Systematic Strategies LLC Acquires 163,229 Shares of 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 lifted its holdings in Gannett Co., Inc. (NYSE:GCI - Free Report) by 313.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,295 shares of the company's stock after buying an additional 163,229 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.15% of Gannett worth $622,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GCI. Nuveen LLC purchased a new position in Gannett in the first quarter valued at approximately $6,434,000. SG Americas Securities LLC lifted its stake in Gannett by 10,205.0% in the first quarter. SG Americas Securities LLC now owns 2,198,271 shares of the company's stock valued at $6,353,000 after purchasing an additional 2,176,939 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Gannett by 68.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,431,937 shares of the company's stock valued at $12,306,000 after purchasing an additional 988,990 shares during the last quarter. Nomura Holdings Inc. lifted its stake in Gannett by 757.5% in the first quarter. Nomura Holdings Inc. now owns 428,766 shares of the company's stock valued at $1,239,000 after purchasing an additional 378,766 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Gannett by 350.6% in the fourth quarter. Deutsche Bank AG now owns 339,125 shares of the company's stock valued at $1,716,000 after purchasing an additional 263,867 shares during the last quarter. Hedge funds and other institutional investors own 76.71% of the company's stock.

Gannett Stock Performance

Gannett stock traded up $0.15 during trading on Monday, hitting $4.38. The stock had a trading volume of 1,094,245 shares, compared to its average volume of 1,292,688. Gannett Co., Inc. has a 1 year low of $2.55 and a 1 year high of $5.93. 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 stock's 50 day moving average is $3.99 and its two-hundred day moving average is $3.57. The stock has a market cap of $642.20 million, a price-to-earnings ratio of 12.88 and a beta of 2.64.

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