Gannett Co Inc (NYSE:GCI) insider John M. Zidich sold 28,089 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $10.21, for a total transaction of $286,788.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Gannett Co Inc (NYSE:GCI) traded up $0.52 during mid-day trading on Friday, reaching $10.73. 1,040,478 shares of the company traded hands, compared to its average volume of 930,111. The firm has a market capitalization of $1,200.00 and a P/E ratio of 178.83. Gannett Co Inc has a 1-year low of $7.36 and a 1-year high of $12.38. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.43.
Gannett (NYSE:GCI) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.09. The business had revenue of $854.00 million during the quarter, compared to the consensus estimate of $848.74 million. Gannett had a net margin of 0.22% and a return on equity of 13.92%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 earnings per share. sell-side analysts expect that Gannett Co Inc will post 0.87 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of GCI. Robeco Institutional Asset Management B.V. lifted its holdings in Gannett by 1,094.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,372,602 shares of the company’s stock worth $12,353,000 after purchasing an additional 1,257,690 shares during the period. JPMorgan Chase & Co. lifted its holdings in Gannett by 158.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,549,481 shares of the company’s stock valued at $13,915,000 after acquiring an additional 949,923 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Gannett by 2,266.1% in the 4th quarter. Acadian Asset Management LLC now owns 704,187 shares of the company’s stock valued at $8,160,000 after acquiring an additional 674,426 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Gannett by 10.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,751,566 shares of the company’s stock valued at $60,764,000 after acquiring an additional 641,893 shares during the last quarter. Finally, Evercore Trust Company N.A. acquired a new stake in Gannett in the 3rd quarter valued at about $5,722,000. 87.13% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Gannett from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy”.
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Gannett Company Profile
Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.
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