Apollo Management Holdings L.P. lowered its position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,925,911 shares of the company's stock after selling 276,548 shares during the quarter. Gannett comprises 0.8% of Apollo Management Holdings L.P.'s portfolio, making the stock its 9th largest position. Apollo Management Holdings L.P. owned approximately 8.09% of Gannett worth $60,345,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of GCI. Aquatic Capital Management LLC bought a new position in Gannett in the 4th quarter worth about $35,000. Quantbot Technologies LP acquired a new position in shares of Gannett in the 4th quarter worth approximately $51,000. Ieq Capital LLC bought a new position in shares of Gannett in the fourth quarter valued at $54,000. Xponance Inc. acquired a new stake in shares of Gannett during the fourth quarter worth $56,000. Finally, Straightline Group LLC purchased a new stake in Gannett during the fourth quarter valued at about $56,000. Institutional investors own 76.71% of the company's stock.
Gannett Stock Up 1.4 %
Shares of GCI traded up $0.05 during trading hours on Monday, reaching $3.23. The company's stock had a trading volume of 789,573 shares, compared to its average volume of 1,455,639. The company has a 50 day moving average of $3.21 and a two-hundred day moving average of $4.41. Gannett Co., Inc. has a 1-year low of $2.55 and a 1-year high of $5.93. The firm has a market cap of $472.26 million, a price-to-earnings ratio of -5.97 and a beta of 2.67. 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 posted 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 positive return on equity of 11.40% and a negative net margin of 1.05%. The company had revenue of $571.57 million during the quarter, compared to analyst estimates of $592.97 million.
Wall Street Analyst Weigh In
Separately, JMP Securities restated a "market outperform" rating and set a $6.00 price target on shares of Gannett in a report on Monday, January 27th.
Check Out Our Latest Analysis on GCI
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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