Gannett Co., Inc. (NYSE:GCI) Stock Holdings Lessened by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its holdings in Gannett Co., Inc. (NYSE:GCI - Free Report) by 21.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,681 shares of the company's stock after selling 111,588 shares during the quarter. Tudor Investment Corp ET AL owned about 0.27% of Gannett worth $2,048,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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 valued at $40,952,000 after buying an additional 82,094 shares during the last quarter. 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 worth $25,141,000 after buying an additional 215,965 shares during the last quarter. Miller Value Partners LLC lifted its stake in Gannett by 74.8% in the fourth quarter. Miller Value Partners LLC now owns 2,396,625 shares of the company's stock valued at $12,127,000 after buying an additional 1,025,190 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Gannett by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,551,020 shares of the company's stock valued at $7,848,000 after acquiring an additional 233,420 shares during the period. Finally, Invesco Ltd. boosted its stake in Gannett by 6.0% during the 4th quarter. Invesco Ltd. now owns 1,279,196 shares of the company's stock worth $6,473,000 after purchasing an additional 72,088 shares during the period. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Gannett Price Performance

Shares of NYSE GCI traded up $0.17 during trading on Wednesday, hitting $3.32. 1,873,401 shares of the company were exchanged, compared to its average volume of 1,461,024. The company has a market cap of $486.17 million, a price-to-earnings ratio of -6.15 and a beta of 2.67. Gannett Co., Inc. has a 1 year low of $2.11 and a 1 year high of $5.93. The firm's fifty day moving average price is $3.17 and its 200 day moving average price is $4.38. The company has a debt-to-equity ratio of 6.59, a current ratio of 0.78 and a quick ratio of 0.74.

Gannett (NYSE:GCI - Get Free Report) last released its quarterly 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 positive return on equity of 11.40% and a negative net margin of 1.05%.

Insider Activity at Gannett

In other Gannett news, CEO Michael Reed bought 27,000 shares of the stock in a transaction on Monday, May 5th. The stock was purchased at an average price of $3.25 per share, for a total transaction of $87,750.00. Following the completion of the purchase, the chief executive officer now directly owns 3,134,722 shares in the company, valued at approximately $10,187,846.50. This trade represents a 0.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.70% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.