269,500 Shares in Gannett Co., Inc. (NYSE:GCI) Acquired by Norges Bank

Norges Bank bought a new stake in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 269,500 shares of the company's stock, valued at approximately $1,364,000. Norges Bank owned about 0.18% of Gannett at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Gannett by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 8,093,262 shares of the company's stock valued at $40,952,000 after acquiring an additional 82,094 shares during the last quarter. State Street Corp raised its stake in Gannett by 3.0% during the 3rd quarter. State Street Corp now owns 4,058,266 shares of the company's stock valued at $22,807,000 after buying an additional 116,716 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Gannett by 5.1% during the 4th quarter. Empowered Funds LLC now owns 932,992 shares of the company's stock valued at $4,721,000 after buying an additional 45,546 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Gannett by 446.8% in the fourth quarter. Teacher Retirement System of Texas now owns 307,778 shares of the company's stock worth $1,557,000 after acquiring an additional 251,496 shares during the period. Finally, American Century Companies Inc. boosted its position in Gannett by 15.1% in the fourth quarter. American Century Companies Inc. now owns 301,927 shares of the company's stock worth $1,528,000 after purchasing an additional 39,693 shares during the last quarter. Institutional investors own 76.71% of the company's stock.

Wall Street Analyst Weigh In

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

Gannett Trading Up 15.7 %

Shares of NYSE:GCI traded up $0.47 during trading hours on Thursday, hitting $3.43. 1,304,524 shares of the company's stock traded hands, compared to its average volume of 1,423,562. Gannett Co., Inc. has a 1 year low of $2.35 and a 1 year high of $5.93. The company has a debt-to-equity ratio of 6.59, a current ratio of 0.78 and a quick ratio of 0.74. The firm has a market capitalization of $504.74 million, a P/E ratio of -6.23 and a beta of 2.21. The business has a fifty day moving average price of $3.51 and a 200-day moving average price of $4.60.

Gannett (NYSE:GCI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $621.28 million during the quarter, compared to the consensus estimate of $635.09 million.

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.