Deutsche Bank AG Has $1.72 Million Position in Gannett Co., Inc. (NYSE:GCI)

Deutsche Bank AG increased its position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 350.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,125 shares of the company's stock after acquiring an additional 263,867 shares during the quarter. Deutsche Bank AG owned 0.23% of Gannett worth $1,716,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GCI. Aquatic Capital Management LLC purchased a new stake in shares of Gannett in the fourth quarter valued at $35,000. Quantbot Technologies LP acquired a new position in Gannett during the fourth quarter valued at $51,000. Ieq Capital LLC purchased a new stake in Gannett in the 4th quarter worth about $54,000. Xponance Inc. acquired a new position in shares of Gannett in the 4th quarter valued at about $56,000. Finally, Straightline Group LLC purchased a new position in Gannett during the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 76.71% of the company's stock.

Gannett Stock Up 1.3%

GCI stock traded up $0.04 during midday trading on Thursday, reaching $3.47. The company had a trading volume of 1,255,449 shares, compared to its average volume of 1,473,625. The company has a 50 day moving average of $3.25 and a two-hundred day moving average of $4.18. The company has a market capitalization of $508.72 million, a P/E ratio of -6.43 and a beta of 2.67. Gannett Co., Inc. has a 1 year low of $2.55 and a 1 year high of $5.93. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59.

Gannett (NYSE:GCI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm had revenue of $571.57 million for the quarter, compared to analysts' expectations of $592.97 million. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%.

Insider Activity

In other Gannett news, CEO Michael Reed acquired 27,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were purchased at an average price of $3.25 per share, with a total value of $87,750.00. Following the completion of the transaction, the chief executive officer now owns 3,134,722 shares in the company, valued at $10,187,846.50. The trade was a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by corporate insiders.

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.