Nuveen LLC Takes Position 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 bought a new stake in Gannett Co., Inc. (NYSE:GCI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,226,387 shares of the company's stock, valued at approximately $6,434,000. Nuveen LLC owned 1.52% of Gannett as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in shares of Gannett during the fourth quarter worth $35,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Gannett during the first quarter worth $67,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Gannett during the fourth quarter worth $75,000. Dark Forest Capital Management LP acquired a new stake in shares of Gannett during the fourth quarter worth $96,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Gannett during the fourth quarter worth $125,000. 76.71% of the stock is owned by institutional investors and hedge funds.

Gannett Trading Up 0.4%

Shares of Gannett stock traded up $0.02 during trading on Friday, reaching $4.12. 1,246,575 shares of the company were exchanged, compared to its average volume of 1,769,659. 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 Co., Inc. has a twelve month low of $2.55 and a twelve month high of $5.93. The business has a 50-day moving average price of $3.86 and a 200-day moving average price of $3.59. The firm has a market capitalization of $603.34 million, a price-to-earnings ratio of 12.10 and a beta of 2.62.

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

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.