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Teacher Retirement System of Texas Has $56,000 Position in Gannett Co., Inc. (NYSE:GCI)

Gannett logo with Business Services background

Teacher Retirement System of Texas reduced its position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 93.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,466 shares of the company's stock after selling 288,312 shares during the quarter. Teacher Retirement System of Texas' holdings in Gannett were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Aquatic Capital Management LLC bought a new stake in Gannett during the fourth quarter valued at about $35,000. Quantbot Technologies LP bought a new stake in shares of Gannett in the fourth quarter valued at about $51,000. Straightline Group LLC bought a new stake in shares of Gannett in the fourth quarter valued at about $56,000. Xponance Inc. acquired a new position in Gannett in the fourth quarter worth about $56,000. Finally, Cibc World Markets Corp acquired a new position in Gannett in the fourth quarter worth about $67,000. 76.71% of the stock is owned by institutional investors and hedge funds.

Gannett Stock Performance

Shares of Gannett stock opened at $3.57 on Tuesday. Gannett Co., Inc. has a fifty-two week low of $2.55 and a fifty-two week high of $5.93. The firm has a market cap of $522.04 million, a P/E ratio of 356.50 and a beta of 2.60. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.72 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $3.57 and a 200 day simple moving average of $3.76.

Gannett (NYSE:GCI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Gannett had a return on equity of 24.41% and a net margin of 2.09%. The firm had revenue of $571.57 million for the quarter, compared to the consensus estimate of $592.97 million.

Insider Buying and Selling at Gannett

In related news, CEO Michael Reed bought 27,000 shares of Gannett stock in a transaction that occurred on 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 acquisition, the chief executive officer owned 3,134,722 shares of the company's stock, valued at approximately $10,187,846.50. This represents a 0.87% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is owned by corporate insiders.

About Gannett

(Free Report)

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.

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Institutional Ownership by Quarter for Gannett (NYSE:GCI)

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