SG Americas Securities LLC Has $6.35 Million Stock Position in Gannett Co., Inc. (NYSE:GCI)

SG Americas Securities LLC grew its stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 10,205.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,198,271 shares of the company's stock after purchasing an additional 2,176,939 shares during the period. SG Americas Securities LLC owned about 1.49% of Gannett worth $6,353,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GCI. Bleakley Financial Group LLC raised its position in Gannett by 30.1% during the fourth quarter. Bleakley Financial Group LLC now owns 22,368 shares of the company's stock valued at $113,000 after buying an additional 5,170 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Gannett by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 86,345 shares of the company's stock worth $437,000 after acquiring an additional 6,760 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of Gannett during the 4th quarter worth about $54,000. Olympiad Research LP bought a new stake in shares of Gannett during the 4th quarter worth about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Gannett by 18.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 139,957 shares of the company's stock worth $708,000 after acquiring an additional 21,919 shares in the last quarter. 76.71% of the stock is owned by hedge funds and other institutional investors.

Gannett Stock Performance

Shares of GCI traded down $0.12 during mid-day trading on Friday, hitting $3.40. The company's stock had a trading volume of 1,216,984 shares, compared to its average volume of 1,481,596. Gannett Co., Inc. has a one year low of $2.55 and a one year high of $5.93. 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 firm has a market capitalization of $497.88 million, a PE ratio of -6.30 and a beta of 2.63. The stock's 50-day moving average is $3.38 and its two-hundred day moving average is $4.05.

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

Insider Buying and Selling at Gannett

In other Gannett news, CEO Michael Reed bought 27,000 shares of the stock in a transaction dated Monday, May 5th. The stock was bought at an average cost of $3.25 per share, for a total transaction of $87,750.00. Following the completion of the purchase, the chief executive officer now owns 3,134,722 shares in the company, valued at $10,187,846.50. This represents a 0.87% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.20% of the company's stock.

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.