Gannett (NYSE:GCI) Shares Down 3.8% – Time to Sell?

Gannett Co., Inc. (NYSE:GCI) traded down 3.8% during mid-day trading on Wednesday . The stock traded as low as $4.70 and last traded at $4.66. 94,440 shares were traded during trading, a decline of 89% from the average session volume of 884,890 shares. The stock had previously closed at $4.84.

Gannett Stock Down 1.5 %

The firm’s fifty day moving average is $5.15 and its two-hundred day moving average is $5.09. The firm has a market cap of $702.41 million, a price-to-earnings ratio of -5.88 and a beta of 2.55. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.

Hedge Funds Weigh In On Gannett

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GCI. SG Americas Securities LLC bought a new stake in shares of Gannett during the 4th quarter worth $108,000. Ritholtz Wealth Management grew its holdings in shares of Gannett by 11.9% during the 4th quarter. Ritholtz Wealth Management now owns 97,067 shares of the company’s stock worth $491,000 after purchasing an additional 10,332 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Gannett by 471.8% in 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 during the period. Barclays PLC raised its position in Gannett by 341.9% in the third quarter. Barclays PLC now owns 218,056 shares of the company’s stock worth $1,224,000 after purchasing an additional 168,711 shares in the last quarter. Finally, Virtue Capital Management LLC raised its holdings in shares of Gannett by 1.3% in the 3rd quarter. Virtue Capital Management LLC now owns 174,793 shares of the company’s stock worth $982,000 after buying an additional 2,258 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

About Gannett

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.