Gannett (NYSE:GCI) Stock Price Down 4.8% - Should You Sell?

Key Points

• Gannett Co., Inc. saw its stock price decline by 4.8% to $4.05, with an average trading volume drop of 87% compared to prior sessions.
• The company's recent earnings report showed an earnings per share (EPS) of $0.45, surpassing analysts' expectations by $0.49, despite revenue falling short of estimates at $584.86 million.
• Institutional investors control 76.71% of Gannett's shares, with notable increases in holdings over the last quarter from major firms like Wells Fargo and Barclays.

Gannett Co., Inc. (NYSE:GCI - Get Free Report) shares fell 4.8% during trading on Monday . The stock traded as low as $4.08 and last traded at $4.05. 201,194 shares changed hands during trading, a decline of 87% from the average session volume of 1,596,582 shares. The stock had previously closed at $4.25.

Gannett Price Performance

The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.70 and a current ratio of 0.73. The company has a market capitalization of $603.34 million, a PE ratio of 12.10 and a beta of 2.62. The firm has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $3.60.

Gannett (NYSE:GCI - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.49. The business had revenue of $584.86 million for the quarter, compared to analysts' expectations of $593.13 million. Gannett had a return on equity of 53.24% and a net margin of 4.84%.

Institutional Trading of Gannett

Several hedge funds and other institutional investors have recently bought and sold shares of GCI. Two Seas Capital LP boosted its position in Gannett by 79.6% during the 2nd quarter. Two Seas Capital LP now owns 11,230,621 shares of the company's stock valued at $40,206,000 after acquiring an additional 4,978,515 shares in the last quarter. Nomura Holdings Inc. boosted its position in Gannett by 721.0% during the 2nd quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company's stock valued at $12,602,000 after acquiring an additional 3,091,333 shares in the last quarter. Nuveen LLC bought a new stake in Gannett during the 1st quarter valued at $6,434,000. SG Americas Securities LLC boosted its position in Gannett by 10,205.0% during the 1st quarter. SG Americas Securities LLC now owns 2,198,271 shares of the company's stock valued at $6,353,000 after acquiring an additional 2,176,939 shares in the last quarter. Finally, Aurelius Capital Management LP acquired a new stake in shares of Gannett in the 2nd quarter worth $4,173,000. Institutional investors own 76.71% of the company's stock.

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.