Gannett Co., Inc. $GCI Shares Bought by Deutsche Bank AG

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

Several other institutional investors have also recently added to or reduced their stakes in GCI. Wells Fargo & Company MN increased its stake in Gannett by 26.7% in the fourth quarter. Wells Fargo & Company MN now owns 86,713 shares of the company's stock valued at $439,000 after purchasing an additional 18,290 shares during the last quarter. Invesco Ltd. grew its position in Gannett by 6.0% during the fourth quarter. Invesco Ltd. now owns 1,279,196 shares of the company's stock valued at $6,473,000 after acquiring an additional 72,088 shares during the period. Legal & General Group Plc grew its position in Gannett by 3.6% during the fourth quarter. Legal & General Group Plc now owns 134,429 shares of the company's stock valued at $680,000 after acquiring an additional 4,710 shares during the period. Barclays PLC grew its position in Gannett by 11.5% during the fourth quarter. Barclays PLC now owns 243,171 shares of the company's stock valued at $1,231,000 after acquiring an additional 25,115 shares during the period. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in Gannett during the fourth quarter valued at about $75,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Gannett Trading Down 1.6%

GCI stock traded down $0.07 during trading on Thursday, reaching $4.04. 139,503 shares of the stock traded hands, compared to its average volume of 1,595,809. The business's 50 day moving average price is $3.83 and its 200-day moving average price is $3.61. Gannett Co., Inc. has a 52-week low of $2.55 and a 52-week high of $5.93. 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 capitalization of $591.60 million, a PE ratio of 11.90 and a beta of 2.62.

Gannett (NYSE:GCI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.49. Gannett had a return on equity of 53.24% and a net margin of 4.84%.The firm had revenue of $584.86 million during 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.