Nomura Holdings Inc. Has $1.24 Million Stock Position in Gannett Co., Inc. $GCI

Key Points

• Nomura Holdings Inc. increased its stake in Gannett Co., Inc. by 757.5% during the first quarter, owning approximately 0.29% of the company worth $1.24 million as of the latest filing.
• Gannett's stock price rose 3.1% to $4.17, with a 52-week range between $2.55 and $5.93.
• The company reported earnings of $0.45 per share for the last quarter, exceeding analysts' expectations by $0.49, despite revenues falling short of estimate at $584.86 million.

Nomura Holdings Inc. lifted its stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 757.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 428,766 shares of the company's stock after purchasing an additional 378,766 shares during the quarter. Nomura Holdings Inc. owned about 0.29% of Gannett worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GCI. Aquatic Capital Management LLC acquired a new stake in shares of Gannett in the fourth quarter worth $35,000. Cambiar Investors LLC lifted its position in shares of Gannett by 26.1% during the 1st quarter. Cambiar Investors LLC now owns 17,103 shares of the company's stock worth $49,000 after purchasing an additional 3,545 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Gannett during the 1st quarter worth about $67,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Gannett during the fourth quarter valued at about $125,000. Finally, Aigen Investment Management LP increased its stake in Gannett by 188.3% during the first quarter. Aigen Investment Management LP now owns 44,578 shares of the company's stock valued at $129,000 after acquiring an additional 29,116 shares during the period. 76.71% of the stock is owned by institutional investors.

Gannett Stock Performance

GCI traded down $0.01 on Tuesday, hitting $4.16. 213,422 shares of the stock traded hands, compared to its average volume of 1,579,476. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93. The firm has a market capitalization of $609.21 million, a PE ratio of 12.22 and a beta of 2.64. The business has a fifty day moving average price of $3.94 and a two-hundred day moving average price of $3.56. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 3.89.

Gannett (NYSE:GCI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping 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 business had revenue of $584.86 million for the quarter, compared to analyst estimates of $593.13 million.

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.