Two Sigma Advisers LP Has $2.57 Million Holdings in Gannett Co., Inc. (NYSE:GCI)

Two Sigma Advisers LP grew its stake in Gannett Co., Inc. (NYSE:GCI - Free Report) by 61.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,956 shares of the company's stock after acquiring an additional 193,600 shares during the quarter. Two Sigma Advisers LP owned about 0.34% of Gannett worth $2,565,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GCI. Vanguard Group Inc. raised its holdings in shares of Gannett by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 8,093,262 shares of the company's stock worth $40,952,000 after purchasing an additional 82,094 shares during the period. Dimensional Fund Advisors LP grew its stake in Gannett by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,968,839 shares of the company's stock valued at $25,141,000 after purchasing an additional 215,965 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Gannett by 68.5% during the 4th quarter. Nuveen Asset Management LLC now owns 2,431,937 shares of the company's stock valued at $12,306,000 after purchasing an additional 988,990 shares in the last quarter. Miller Value Partners LLC lifted its holdings in Gannett by 74.8% during the 4th quarter. Miller Value Partners LLC now owns 2,396,625 shares of the company's stock worth $12,127,000 after buying an additional 1,025,190 shares during the last quarter. Finally, Shay Capital LLC lifted its holdings in Gannett by 11.7% during the 4th quarter. Shay Capital LLC now owns 1,915,904 shares of the company's stock worth $9,694,000 after buying an additional 200,904 shares during the last quarter. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gannett news, CEO Michael Reed purchased 27,000 shares of the stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $87,750.00. Following the completion of the acquisition, the chief executive officer now owns 3,134,722 shares of the company's stock, valued at $10,187,846.50. This represents a 0.87% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.20% of the company's stock.

Gannett Stock Performance

Shares of NYSE GCI traded up $0.04 during mid-day trading on Thursday, hitting $3.47. The company had a trading volume of 1,255,449 shares, compared to its average volume of 1,473,625. The stock has a market cap of $508.72 million, a price-to-earnings ratio of -6.43 and a beta of 2.67. Gannett Co., Inc. has a 12 month low of $2.55 and a 12 month high of $5.93. The company has a debt-to-equity ratio of 6.59, a current ratio of 0.78 and a quick ratio of 0.74. The firm's 50 day simple moving average is $3.25 and its two-hundred day simple moving average is $4.18.

Gannett (NYSE:GCI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share 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 business had revenue of $571.57 million for the quarter, compared to the consensus estimate of $592.97 million.

Gannett Company 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.