Deutsche Bank AG Purchases 192,998 Shares of Gannett Co., Inc. $GCI

Key Points

• Deutsche Bank AG increased its stake in Gannett Co., Inc. by 56.9%, owning 532,123 shares valued at approximately $1.54 million.
• Several institutional investors, including Nuveen Asset Management and Barclays PLC, also significantly raised their stakes in Gannett during the previous quarters, reflecting strong interest in the company.
• Gannett's stock recently rose 2.8%, with a current market capitalization of $622.40 million and a reported EPS of $0.45, exceeding analysts' expectations.

Deutsche Bank AG lifted its holdings in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 56.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 532,123 shares of the company's stock after acquiring an additional 192,998 shares during the quarter. Deutsche Bank AG owned 0.36% of Gannett worth $1,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Gannett by 1.1% in the first quarter. Vanguard Group Inc. now owns 8,184,594 shares of the company's stock worth $23,653,000 after buying an additional 91,332 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Gannett by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,968,839 shares of the company's stock worth $25,141,000 after acquiring an additional 215,965 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Gannett by 68.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,431,937 shares of the company's stock worth $12,306,000 after acquiring an additional 988,990 shares during the period. Miller Value Partners LLC boosted its holdings in shares of Gannett by 74.8% in the fourth quarter. Miller Value Partners LLC now owns 2,396,625 shares of the company's stock worth $12,127,000 after acquiring an additional 1,025,190 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Gannett by 10,205.0% in the first quarter. SG Americas Securities LLC now owns 2,198,271 shares of the company's stock worth $6,353,000 after acquiring an additional 2,176,939 shares during the period. 76.71% of the stock is owned by hedge funds and other institutional investors.

Gannett Stock Performance

Shares of Gannett stock traded up $0.01 during trading hours on Thursday, reaching $4.11. The company had a trading volume of 1,419,415 shares, compared to its average volume of 1,920,861. Gannett Co., Inc. has a one year low of $2.55 and a one year high of $5.93. The business has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $3.60. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.73 and a quick ratio of 0.70. The firm has a market cap of $602.31 million, a PE ratio of 12.08 and a beta of 2.62.

Gannett (NYSE:GCI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.49. The company had revenue of $584.86 million during the quarter, compared to analyst estimates 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.