Invesco Ltd. lowered its position in Gannett Co., Inc. (NYSE:GCI - Free Report) by 62.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 475,231 shares of the company's stock after selling 803,965 shares during the period. Invesco Ltd. owned about 0.32% of Gannett worth $1,373,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in shares of Gannett in the 4th quarter valued at $35,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gannett in the 1st quarter valued at $67,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gannett in the 4th quarter valued at $125,000. Teza Capital Management LLC bought a new stake in shares of Gannett in the 4th quarter valued at $182,000. Finally, Numerai GP LLC bought a new stake in shares of Gannett in the 4th quarter valued at $196,000. Institutional investors own 76.71% of the company's stock.
Gannett Trading Up 4.3%
Shares of GCI traded up $0.18 during trading hours on Friday, reaching $4.29. The stock had a trading volume of 1,483,476 shares, compared to its average volume of 1,554,531. The company has a market cap of $628.27 million, a P/E ratio of 12.60 and a beta of 2.64. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93. The firm has a 50-day moving average of $3.93 and a 200 day moving average of $3.57. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 3.89.
Gannett (NYSE:GCI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.49. The business had revenue of $584.86 million for 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%.
About Gannett
(
Free Report)
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.
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