Deutsche Bank AG Raises Stock Position in Gannett Co., Inc. (NYSE:GCI)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Caprock Group LLC grew its holdings in Gannett by 55.6% in the fourth quarter. Caprock Group LLC now owns 35,769 shares of the company's stock valued at $181,000 after purchasing an additional 12,788 shares during the period. Franklin Resources Inc. lifted its position in shares of Gannett by 46.8% during the 4th quarter. Franklin Resources Inc. now owns 159,695 shares of the company's stock valued at $808,000 after buying an additional 50,885 shares in the last quarter. Intech Investment Management LLC grew its stake in Gannett by 62.5% in the 4th quarter. Intech Investment Management LLC now owns 89,344 shares of the company's stock valued at $452,000 after acquiring an additional 34,369 shares during the period. Vanguard Group Inc. increased its holdings in Gannett by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 8,093,262 shares of the company's stock worth $40,952,000 after acquiring an additional 82,094 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in Gannett by 30.1% during the fourth quarter. Bleakley Financial Group LLC now owns 22,368 shares of the company's stock worth $113,000 after acquiring an additional 5,170 shares during the period. Hedge funds and other institutional investors own 76.71% of the company's stock.

Gannett Price Performance

Shares of Gannett stock traded up $0.07 during mid-day trading on Tuesday, reaching $3.49. 876,490 shares of the stock traded hands, compared to its average volume of 1,475,922. The stock has a market capitalization of $511.06 million, a PE ratio of -6.46 and a beta of 2.67. The business has a 50-day moving average of $3.23 and a 200 day moving average of $4.20. Gannett Co., Inc. has a fifty-two week low of $2.55 and a fifty-two week high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59.

Gannett (NYSE:GCI - Get Free Report) last announced its earnings results 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 business had revenue of $571.57 million for the quarter, compared to analyst estimates of $592.97 million. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market outperform" rating and issued a $6.00 target price on shares of Gannett in a research report on Monday, January 27th.

Insider Activity at Gannett

In related news, CEO Michael Reed bought 27,000 shares of the stock in a transaction dated Monday, May 5th. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $87,750.00. Following the acquisition, the chief executive officer now directly owns 3,134,722 shares in the company, valued at approximately $10,187,846.50. This trade represents a 0.87% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% 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.