Nuveen Asset Management LLC Raises Holdings in Gannett Co., Inc. (NYSE:GCI)

Nuveen Asset Management LLC increased its stake in Gannett Co., Inc. (NYSE:GCI - Free Report) by 68.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,431,937 shares of the company's stock after purchasing an additional 988,990 shares during the period. Nuveen Asset Management LLC owned approximately 1.65% of Gannett worth $12,306,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Miller Value Partners LLC boosted its stake in Gannett by 74.8% in the fourth quarter. Miller Value Partners LLC now owns 2,396,625 shares of the company's stock worth $12,127,000 after buying an additional 1,025,190 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in Gannett in the fourth quarter worth $2,889,000. ExodusPoint Capital Management LP lifted its stake in Gannett by 1,166.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 370,875 shares of the company's stock worth $1,877,000 after acquiring an additional 341,598 shares during the period. Norges Bank bought a new position in Gannett in the fourth quarter worth $1,364,000. Finally, Deutsche Bank AG raised its holdings in Gannett by 350.6% in the fourth quarter. Deutsche Bank AG now owns 339,125 shares of the company's stock worth $1,716,000 after purchasing an additional 263,867 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Michael Reed bought 27,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were acquired at an average cost 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 of the company's stock, valued at approximately $10,187,846.50. This trade represents a 0.87% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by corporate insiders.

Gannett Stock Up 1.3%

GCI traded up $0.04 during trading on Thursday, reaching $3.47. The stock had a trading volume of 1,255,449 shares, compared to its average volume of 1,472,269. Gannett Co., Inc. has a one year low of $2.55 and a one 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. The stock's 50 day moving average is $3.24 and its two-hundred day moving average is $4.19. The company has a market capitalization of $508.72 million, a price-to-earnings ratio of -6.43 and a beta of 2.67.

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

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.