Tudor Investment Corp ET AL Sells 111,588 Shares of Gannett Co., Inc. (NYSE:GCI)

Tudor Investment Corp ET AL reduced its position in Gannett Co., Inc. (NYSE:GCI - Free Report) by 21.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 404,681 shares of the company's stock after selling 111,588 shares during the period. Tudor Investment Corp ET AL owned 0.27% of Gannett worth $2,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in Gannett in the fourth quarter worth about $35,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Gannett in the 4th quarter valued at about $490,000. Miller Value Partners LLC grew its position in shares of 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 period. Price T Rowe Associates Inc. MD raised its stake in shares of Gannett by 10.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 103,042 shares of the company's stock worth $522,000 after buying an additional 9,417 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Gannett in the fourth quarter valued at approximately $96,000. Institutional investors own 76.71% of the company's stock.

Gannett Trading Up 5.4 %

NYSE GCI traded up $0.19 on Friday, reaching $3.71. The company had a trading volume of 2,218,115 shares, compared to its average volume of 1,469,270. Gannett Co., Inc. has a 52 week low of $2.55 and a 52 week high of $5.93. The stock's 50 day moving average is $3.16 and its 200-day moving average is $4.35. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59. The stock has a market cap of $543.28 million, a price-to-earnings ratio of -6.87 and a beta of 2.67.

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 negative net margin of 1.05% and a positive return on equity of 11.40%. The firm had revenue of $571.57 million during the quarter, compared to analyst estimates of $592.97 million.

Insiders Place Their Bets

In other Gannett news, CEO Michael Reed purchased 27,000 shares of the stock in a transaction on 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 acquisition, the chief executive officer now directly owns 3,134,722 shares of the company's stock, valued at $10,187,846.50. The trade was a 0.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a "market outperform" rating and set a $6.00 target price on shares of Gannett in a report on Monday, January 27th.

Gannett 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.