Lonestar Capital Management LLC Sells 265,000 Shares of Gannett Co., Inc. (NYSE:GCI)

Lonestar Capital Management LLC trimmed its stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,200,439 shares of the company's stock after selling 265,000 shares during the quarter. Gannett comprises approximately 2.2% of Lonestar Capital Management LLC's investment portfolio, making the stock its 9th biggest position. Lonestar Capital Management LLC owned about 0.81% of Gannett worth $6,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new position in shares of Gannett during the fourth quarter worth approximately $35,000. Susquehanna Fundamental Investments LLC bought a new position in Gannett during the 4th quarter worth $490,000. Miller Value Partners LLC lifted its holdings in shares of Gannett by 74.8% during the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Gannett by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 103,042 shares of the company's stock valued at $522,000 after acquiring an additional 9,417 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in shares of Gannett in the fourth quarter valued at about $96,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Gannett Price Performance

NYSE GCI traded up $0.10 during midday trading on Friday, hitting $3.19. The company had a trading volume of 1,283,536 shares, compared to its average volume of 1,464,700. The company has a market capitalization of $467.13 million, a PE ratio of -5.91 and a beta of 2.67. Gannett Co., Inc. has a twelve month low of $2.55 and a twelve month high of $5.93. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59. The firm has a 50-day moving average price of $3.21 and a 200-day moving average price of $4.42.

Gannett (NYSE:GCI - Get Free Report) last posted its quarterly earnings data 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). Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%. The firm had revenue of $571.57 million for the quarter, compared to the consensus estimate of $592.97 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.