Two Sigma Advisers LP Buys 193,600 Shares of Gannett Co., Inc. (NYSE:GCI)

Two Sigma Advisers LP lifted its holdings in Gannett Co., Inc. (NYSE:GCI - Free Report) by 61.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 506,956 shares of the company's stock after purchasing an additional 193,600 shares during the quarter. Two Sigma Advisers LP owned 0.34% of Gannett worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Two Sigma Investments LP lifted its holdings in Gannett by 6.1% in the fourth quarter. Two Sigma Investments LP now owns 805,499 shares of the company's stock valued at $4,076,000 after acquiring an additional 46,465 shares during the period. Teza Capital Management LLC bought a new position in shares of Gannett in the 4th quarter worth approximately $182,000. State of Wyoming lifted its stake in shares of Gannett by 67.0% in the 4th quarter. State of Wyoming now owns 215,272 shares of the company's stock worth $1,089,000 after purchasing an additional 86,350 shares during the period. Shay Capital LLC grew its position in Gannett by 11.7% during the fourth quarter. Shay Capital LLC now owns 1,915,904 shares of the company's stock valued at $9,694,000 after buying an additional 200,904 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gannett during the fourth quarter valued at approximately $125,000. Institutional investors own 76.71% of the company's stock.

Gannett Stock Performance

GCI traded up $0.08 during trading on Friday, hitting $3.55. The company's stock had a trading volume of 1,284,458 shares, compared to its average volume of 1,476,303. The business's 50 day simple moving average is $3.26 and its 200-day simple moving average is $4.15. The firm has a market cap of $519.85 million, a PE ratio of -6.57 and a beta of 2.67. Gannett Co., Inc. has a one year low of $2.55 and a one year high of $5.93. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59.

Gannett (NYSE:GCI - Get Free Report) last released 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). The company had revenue of $571.57 million for the quarter, compared to analysts' expectations of $592.97 million. Gannett had a negative net margin of 1.05% and a positive return on equity of 11.40%.

Insider Buying and Selling at Gannett

In other Gannett news, CEO Michael Reed acquired 27,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was acquired at an average cost 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 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 document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by insiders.

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.