Dynamic Technology Lab Private Ltd Makes New Investment in Gannett Co., Inc. $GCI

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Gannett Co., Inc. valued at approximately $316,000, owning about 0.07% of the company as of its latest filing.
• Gannett reported earnings of $0.45 per share, significantly beating the consensus estimate of ($0.04) and achieving a net margin of 4.84% for the quarter ending July 31st.
• Institutional investors and hedge funds collectively own 76.71% of Gannett's stock, indicating strong institutional interest in the company.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 109,457 shares of the company's stock, valued at approximately $316,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Gannett as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Gannett by 3.6% during 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 in the last quarter. Principal Financial Group Inc. boosted its position in shares of Gannett by 3.6% in the first quarter. Principal Financial Group Inc. now owns 89,419 shares of the company's stock worth $258,000 after buying an additional 3,074 shares during the period. Cambiar Investors LLC boosted its position in shares of Gannett by 26.1% in the first quarter. Cambiar Investors LLC now owns 17,103 shares of the company's stock worth $49,000 after buying an additional 3,545 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Gannett by 6.4% during the first quarter. OneDigital Investment Advisors LLC now owns 84,426 shares of the company's stock valued at $244,000 after buying an additional 5,048 shares in the last quarter. Finally, Virtue Capital Management LLC raised its position in Gannett by 6.8% during the fourth quarter. Virtue Capital Management LLC now owns 186,638 shares of the company's stock valued at $944,000 after buying an additional 11,845 shares during the period. Institutional investors and hedge funds own 76.71% of the company's stock.

Gannett Stock Up 2.6%

Gannett stock traded up $0.11 during mid-day trading on Thursday, hitting $4.38. The company's stock had a trading volume of 980,021 shares, compared to its average volume of 1,209,144. Gannett Co., Inc. has a 52-week low of $2.55 and a 52-week high of $5.91. The company has a market cap of $642.20 million, a PE ratio of 12.88 and a beta of 2.64. 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's 50 day moving average is $4.02 and its 200 day moving average is $3.58.

Gannett (NYSE:GCI - Get Free Report) last posted 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. Gannett had a net margin of 4.84% and a return on equity of 53.24%. The business had revenue of $584.86 million during the quarter, compared to analysts' expectations 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.