Gannett Co., Inc. (NYSE:GCI) Position Lessened by Marshall Wace LLP

Marshall Wace LLP lowered its stake in Gannett Co., Inc. (NYSE:GCI - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,019,282 shares of the company's stock after selling 113,660 shares during the quarter. Marshall Wace LLP owned about 0.69% of Gannett worth $5,158,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its holdings in Gannett by 341.9% in the third quarter. Barclays PLC now owns 218,056 shares of the company's stock valued at $1,224,000 after purchasing an additional 168,711 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Gannett by 471.8% in the third quarter. Principal Financial Group Inc. now owns 79,585 shares of the company's stock valued at $447,000 after purchasing an additional 65,667 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Gannett by 11.9% in the fourth quarter. Ritholtz Wealth Management now owns 97,067 shares of the company's stock valued at $491,000 after purchasing an additional 10,332 shares during the last quarter. SG Americas Securities LLC purchased a new position in Gannett in the fourth quarter valued at about $108,000. Finally, Caprock Group LLC boosted its holdings in Gannett by 55.6% in the fourth quarter. Caprock Group LLC now owns 35,769 shares of the company's stock valued at $181,000 after purchasing an additional 12,788 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Gannett Stock Performance

NYSE:GCI traded down $0.20 during trading hours on Wednesday, reaching $3.21. 2,222,222 shares of the stock were exchanged, compared to its average volume of 1,468,899. 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 firm has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $4.46. Gannett Co., Inc. has a 52 week low of $2.37 and a 52 week high of $5.93. The stock has a market capitalization of $470.06 million, a P/E ratio of -5.94 and a beta of 2.21.

Gannett (NYSE:GCI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.10. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%. The company had revenue of $621.28 million for the quarter, compared to the consensus estimate of $635.09 million.

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.