Silverberg Bernstein Capital Management LLC Raises Stake in Gannett Co., Inc. $GCI

Key Points

• Silverberg Bernstein Capital Management LLC has increased its stake in Gannett Co., Inc. by 27.7%, owning a total of 684,493 shares valued at approximately $2.45 million.
• Gannett reported an earnings per share (EPS) of $0.45 for the last quarter, exceeding analysts' expectations of a loss by $0.49.
• The company's stock has shown a range in the last 12 months, with a low of $2.55 and a high of $5.93, currently trading at around $4.38.

Silverberg Bernstein Capital Management LLC raised its holdings in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 27.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 684,493 shares of the company's stock after purchasing an additional 148,627 shares during the period. Gannett accounts for approximately 1.7% of Silverberg Bernstein Capital Management LLC's holdings, making the stock its 15th biggest holding. Silverberg Bernstein Capital Management LLC owned about 0.47% of Gannett worth $2,450,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cambiar Investors LLC lifted its position in Gannett by 26.1% during the 1st quarter. Cambiar Investors LLC now owns 17,103 shares of the company's stock valued at $49,000 after purchasing an additional 3,545 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Gannett during the 1st quarter valued at about $67,000. Teza Capital Management LLC acquired a new position in Gannett during the 4th quarter valued at about $182,000. ProShare Advisors LLC raised its position in shares of Gannett by 49.3% in the 4th quarter. ProShare Advisors LLC now owns 39,975 shares of the company's stock valued at $202,000 after acquiring an additional 13,201 shares during the period. Finally, Aigen Investment Management LP raised its position in shares of Gannett by 188.3% in the 1st 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 currently owned by institutional investors and hedge funds.

Gannett Trading Down 1.9%

Shares of NYSE:GCI traded down $0.09 during mid-day trading on Friday, reaching $4.30. The stock had a trading volume of 3,107,569 shares, compared to its average volume of 1,185,475. The firm has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $3.58. Gannett Co., Inc. has a twelve month low of $2.55 and a twelve month high of $5.91. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 3.89. The firm has a market cap of $629.73 million, a PE ratio of 12.63 and a beta of 2.64.

Gannett (NYSE:GCI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.49. The company had revenue of $584.86 million during the quarter, compared to analysts' expectations of $593.13 million. Gannett had a net margin of 4.84% and a return on equity of 53.24%.

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.