Invst LLC Invests $1.13 Million 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 purchased a new stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 392,250 shares of the company's stock, valued at approximately $1,134,000. Invst LLC owned 0.27% of Gannett as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of GCI. Cambiar Investors LLC raised its position 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gannett in the 1st quarter worth approximately $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Gannett during the fourth quarter valued at approximately $125,000. Teza Capital Management LLC bought a new stake in Gannett during the fourth quarter worth approximately $182,000. Finally, Numerai GP LLC bought a new stake in Gannett during the fourth quarter worth approximately $196,000. Institutional investors own 76.71% of the company's stock.

Gannett Price Performance

Shares of NYSE GCI traded down $0.04 during trading on Wednesday, hitting $4.35. The company had a trading volume of 312,513 shares, compared to its average volume of 1,555,862. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93. The business's 50-day moving average is $4.00 and its 200 day moving average is $3.57. The company has a market cap of $637.06 million, a P/E ratio of 12.78 and a beta of 2.64. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.70 and a current ratio of 0.73.

Gannett (NYSE:GCI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $584.86 million during the quarter, compared to analyst estimates of $593.13 million. Gannett had a return on equity of 53.24% and a net margin of 4.84%.

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.