Gannett Co., Inc. (NYSE:GCI - Get Free Report) saw an uptick in trading volume on Thursday . 1,979,179 shares traded hands during trading, an increase of 143% from the previous session's volume of 815,944 shares.The stock last traded at $3.52 and had previously closed at $3.38.
Gannett Stock Up 5.0 %
The stock has a market cap of $523.80 million, a P/E ratio of -3.87 and a beta of 2.30. The company's 50 day moving average price is $2.51 and its two-hundred day moving average price is $2.31. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 4.16.
Gannett (NYSE:GCI - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $669.41 million for the quarter. Gannett had a negative net margin of 4.67% and a negative return on equity of 27.67%.
Hedge Funds Weigh In On Gannett
A number of large investors have recently bought and sold shares of GCI. Mackenzie Financial Corp increased its holdings in shares of Gannett by 5.5% in the 4th quarter. Mackenzie Financial Corp now owns 87,186 shares of the company's stock valued at $201,000 after acquiring an additional 4,562 shares during the period. Principal Financial Group Inc. grew its stake in Gannett by 39.3% in the third quarter. Principal Financial Group Inc. now owns 21,258 shares of the company's stock valued at $52,000 after purchasing an additional 5,997 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Gannett by 9.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company's stock worth $216,000 after purchasing an additional 7,732 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Gannett during the third quarter valued at about $25,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Gannett in the 1st quarter valued at about $25,000. Institutional investors own 76.71% of the company's stock.
About Gannett
(
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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.
Further Reading
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