Susquehanna Fundamental Investments LLC Purchases Shares of 96,826 Gannett Co., Inc. (NYSE:GCI)

Susquehanna Fundamental Investments LLC acquired a new stake in Gannett Co., Inc. (NYSE:GCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 96,826 shares of the company's stock, valued at approximately $490,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Gannett as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GCI. Caprock Group LLC raised its holdings in shares of Gannett by 55.6% during the 4th quarter. Caprock Group LLC now owns 35,769 shares of the company's stock worth $181,000 after acquiring an additional 12,788 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Gannett by 11.9% in the 4th quarter. Ritholtz Wealth Management now owns 97,067 shares of the company's stock worth $491,000 after buying an additional 10,332 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Gannett by 471.8% during the 3rd quarter. Principal Financial Group Inc. now owns 79,585 shares of the company's stock valued at $447,000 after buying an additional 65,667 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Gannett by 46.8% in the 4th quarter. Franklin Resources Inc. now owns 159,695 shares of the company's stock valued at $808,000 after acquiring an additional 50,885 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in Gannett by 62.5% in the fourth quarter. Intech Investment Management LLC now owns 89,344 shares of the company's stock worth $452,000 after acquiring an additional 34,369 shares in the last quarter. Institutional investors own 76.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Gannett Stock Down 0.3 %

Shares of GCI stock traded down $0.01 during trading hours on Friday, reaching $3.51. 624,144 shares of the company's stock were exchanged, compared to its average volume of 1,461,834. The stock's 50 day moving average is $3.16 and its 200-day moving average is $4.37. Gannett Co., Inc. has a fifty-two week low of $2.55 and a fifty-two week high of $5.93. The company has a market cap of $513.99 million, a price-to-earnings ratio of -6.50 and a beta of 2.67. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59.

Gannett (NYSE:GCI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $571.57 million during the quarter, compared to analysts' expectations of $592.97 million. Gannett had a negative net margin of 1.05% and a positive return on equity of 11.40%.

Insider Buying and Selling at Gannett

In other Gannett news, CEO Michael Reed bought 27,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was bought at an average price of $3.25 per share, with a total value of $87,750.00. Following the completion of the purchase, the chief executive officer now directly owns 3,134,722 shares in the company, valued at $10,187,846.50. The trade was a 0.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is owned by corporate insiders.

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.