SG Americas Securities LLC Grows Position in Gannett Co., Inc. (NYSE:GCI)

SG Americas Securities LLC raised its holdings in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 10,205.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,198,271 shares of the company's stock after buying an additional 2,176,939 shares during the quarter. SG Americas Securities LLC owned about 1.49% of Gannett worth $6,353,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Silverberg Bernstein Capital Management LLC grew its stake in Gannett by 5.2% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 535,866 shares of the company's stock valued at $1,549,000 after acquiring an additional 26,433 shares in the last quarter. Virtue Capital Management LLC grew its position in shares of Gannett by 6.8% in the fourth quarter. Virtue Capital Management LLC now owns 186,638 shares of the company's stock valued at $944,000 after purchasing an additional 11,845 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Gannett by 136.7% in the fourth quarter. Mackenzie Financial Corp now owns 132,406 shares of the company's stock valued at $670,000 after purchasing an additional 76,472 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Gannett by 24.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 287,149 shares of the company's stock valued at $1,453,000 after purchasing an additional 55,514 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Gannett by 61.8% in the fourth quarter. Two Sigma Advisers LP now owns 506,956 shares of the company's stock valued at $2,565,000 after purchasing an additional 193,600 shares in the last quarter. Hedge funds and other institutional investors own 76.71% of the company's stock.

Insider Activity at Gannett

In other news, CEO Michael Reed purchased 27,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was acquired at an average price of $3.25 per share, with a total value of $87,750.00. Following the purchase, the chief executive officer now directly owns 3,134,722 shares in the company, valued at approximately $10,187,846.50. This represents a 0.87% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.

Gannett Price Performance

Shares of GCI stock traded up $0.01 during trading hours on Monday, reaching $3.41. The company had a trading volume of 1,193,156 shares, compared to its average volume of 1,480,500. The company has a debt-to-equity ratio of 6.59, a quick ratio of 0.74 and a current ratio of 0.78. The stock has a fifty day moving average of $3.39 and a 200-day moving average of $4.03. The company has a market capitalization of $498.61 million, a price-to-earnings ratio of -6.31 and a beta of 2.63. Gannett Co., Inc. has a 12-month low of $2.55 and a 12-month high of $5.93.

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

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.