Invst LLC Makes New $1.13 Million Investment in Gannett Co., Inc. $GCI

Key Points

• Invst LLC has made a new investment in Gannett Co., Inc., acquiring approximately 392,250 shares valued at about $1.13 million, according to their recent SEC filing.
• Gannett reported earnings of $0.45 per share for the last quarter, significantly beating analysts' expectations of a loss.
• The company has a current market capitalization of $630.47 million and institutional investors own approximately 76.71% of its shares.

Invst LLC bought a new position in Gannett Co., Inc. (NYSE:GCI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 392,250 shares of the company's stock, valued at approximately $1,134,000. Invst LLC owned about 0.27% of Gannett as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cambiar Investors LLC lifted its holdings in Gannett by 26.1% in the first quarter. Cambiar Investors LLC now owns 17,103 shares of the company's stock worth $49,000 after acquiring an additional 3,545 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gannett in the first quarter worth about $67,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Gannett in the fourth quarter worth about $125,000. Teza Capital Management LLC bought a new position in Gannett in the fourth quarter worth about $182,000. Finally, Numerai GP LLC bought a new position in Gannett in the fourth quarter worth about $196,000. Institutional investors own 76.71% of the company's stock.

Gannett Stock Performance

Shares of NYSE GCI opened at $4.30 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 3.89. The firm's 50-day moving average price is $3.96 and its two-hundred day moving average price is $3.57. Gannett Co., Inc. has a 52-week low of $2.55 and a 52-week high of $5.93. The stock has a market capitalization of $630.47 million, a P/E ratio of 12.65 and a beta of 2.64.

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

About Gannett

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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