Susquehanna Fundamental Investments LLC Invests $490,000 in Gannett Co., Inc. (NYSE:GCI)

Susquehanna Fundamental Investments LLC bought a new position in shares of Gannett Co., Inc. (NYSE:GCI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 96,826 shares of the company's stock, valued at approximately $490,000. Susquehanna Fundamental Investments LLC owned 0.07% of Gannett at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GCI. Quantbot Technologies LP acquired a new position in Gannett during the 4th quarter worth $51,000. Ieq Capital LLC acquired a new position in Gannett in the fourth quarter valued at about $54,000. Straightline Group LLC bought a new position in Gannett during the fourth quarter worth about $56,000. Xponance Inc. bought a new stake in shares of Gannett in the 4th quarter valued at about $56,000. Finally, Cibc World Markets Corp bought a new position in Gannett during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 76.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Gannett news, CEO Michael Reed bought 27,000 shares of the stock in a transaction dated Monday, May 5th. The shares were bought at an average cost of $3.25 per share, with a total value of $87,750.00. Following the completion of the acquisition, the chief executive officer now owns 3,134,722 shares of the company's stock, valued at $10,187,846.50. This trade represents a 0.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 4.70% of the stock is currently owned by insiders.

Gannett Stock Up 5.4 %

GCI traded up $0.17 during trading on Wednesday, hitting $3.32. The company had a trading volume of 1,873,401 shares, compared to its average volume of 1,459,725. The firm's 50-day moving average price is $3.18 and its 200 day moving average price is $4.38. The company has a market capitalization of $486.17 million, a PE ratio of -6.15 and a beta of 2.67. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59. Gannett Co., Inc. has a one year low of $2.11 and a one year high of $5.93.

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

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.