Gannett Co., Inc. (NYSE:GCI) Position Increased by Invesco Ltd.

Invesco Ltd. increased its stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,279,196 shares of the company's stock after purchasing an additional 72,088 shares during the quarter. Invesco Ltd. owned approximately 0.87% of Gannett worth $6,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of GCI. Quantbot Technologies LP purchased a new position in shares of Gannett in the 4th quarter valued at $51,000. Ieq Capital LLC acquired a new position in shares of Gannett during the fourth quarter worth about $54,000. Xponance Inc. purchased a new stake in shares of Gannett in the fourth quarter worth about $56,000. Cibc World Markets Corp acquired a new stake in shares of Gannett in the fourth quarter valued at about $67,000. Finally, Cambiar Investors LLC raised its holdings in shares of Gannett by 27.2% during the 4th quarter. Cambiar Investors LLC now owns 13,558 shares of the company's stock valued at $69,000 after buying an additional 2,898 shares during the period. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gannett Stock Down 3.6 %

Shares of NYSE GCI traded down $0.12 during midday trading on Thursday, reaching $3.09. 1,022,868 shares of the company's stock were exchanged, compared to its average volume of 1,467,674. The company has a debt-to-equity ratio of 6.59, a quick ratio of 0.74 and a current ratio of 0.78. Gannett Co., Inc. has a 52-week low of $2.03 and a 52-week high of $5.93. The business's fifty day moving average price is $3.25 and its two-hundred day moving average price is $4.46. The stock has a market capitalization of $451.76 million, a PE ratio of -5.64 and a beta of 2.21.

Gannett (NYSE:GCI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) 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%.

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.