Nuveen LLC Makes New Investment in Gannett Co., Inc. $GCI

Key Points

• Nuveen LLC made a new investment in Gannett Co., Inc. by acquiring 2,226,387 shares valued at approximately $6.43 million, representing 1.52% of the company's stock.
• Gannett reported $0.45 earnings per share for the last quarter, significantly exceeding analysts' estimates, despite a slight revenue miss at $584.86 million.
• The company's stock has seen a 12-month price range of $2.55 to $5.93, and its market capitalization is currently $622.40 million.

Nuveen LLC acquired a new stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,226,387 shares of the company's stock, valued at approximately $6,434,000. Nuveen LLC owned approximately 1.52% of Gannett at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of Gannett by 350.6% in the 4th quarter. Deutsche Bank AG now owns 339,125 shares of the company's stock valued at $1,716,000 after buying an additional 263,867 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Gannett by 68.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,431,937 shares of the company's stock valued at $12,306,000 after acquiring an additional 988,990 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Gannett by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 89,419 shares of the company's stock worth $258,000 after purchasing an additional 3,074 shares in the last quarter. Barclays PLC boosted its position in shares of Gannett by 11.5% in the 4th quarter. Barclays PLC now owns 243,171 shares of the company's stock worth $1,231,000 after purchasing an additional 25,115 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Gannett by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,774 shares of the company's stock worth $409,000 after purchasing an additional 2,818 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors.

Gannett Stock Up 1.1%

Shares of Gannett stock traded up $0.05 during trading on Wednesday, reaching $4.10. The company's stock had a trading volume of 1,516,857 shares, compared to its average volume of 2,094,479. 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 company has a market cap of $600.41 million, a price-to-earnings ratio of 12.04 and a beta of 2.62. The company has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $3.61. Gannett Co., Inc. has a 1-year low of $2.55 and a 1-year high of $5.93.

Gannett (NYSE:GCI - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $593.13 million. Gannett had a return on equity of 53.24% and a net margin of 4.84%.

Gannett 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.