Olympiad Research LP Buys Shares of 16,846 Gannett Co., Inc. (NYSE:GCI)

Olympiad Research LP purchased a new position in Gannett Co., Inc. (NYSE:GCI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 16,846 shares of the company’s stock, valued at approximately $85,000.

A number of other large investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Gannett during the third quarter valued at about $1,302,000. Hanseatic Management Services Inc. grew its holdings in shares of Gannett by 9,629.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock worth $1,006,000 after purchasing an additional 177,089 shares in the last quarter. State Street Corp increased its position in shares of Gannett by 3.0% during the third quarter. State Street Corp now owns 4,058,266 shares of the company’s stock valued at $22,807,000 after purchasing an additional 116,716 shares during the period. Barclays PLC raised its stake in shares of Gannett by 341.9% in the third quarter. Barclays PLC now owns 218,056 shares of the company’s stock valued at $1,224,000 after purchasing an additional 168,711 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in Gannett by 11.9% in the fourth quarter. Ritholtz Wealth Management now owns 97,067 shares of the company’s stock worth $491,000 after purchasing an additional 10,332 shares during the period. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and issued a $6.00 price target on shares of Gannett in a report on Monday, January 27th.

Gannett Stock Down 5.7 %

Shares of GCI opened at $4.06 on Tuesday. Gannett Co., Inc. has a 12 month low of $1.95 and a 12 month high of $5.93. The stock has a market cap of $597.58 million, a price-to-earnings ratio of -7.51 and a beta of 2.53. The company has a 50-day moving average price of $4.87 and a two-hundred day moving average price of $5.09. 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 (NYSE:GCI) last posted its earnings results on Thursday, February 20th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.10. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%. The business had revenue of $621.28 million during the quarter, compared to the consensus estimate of $635.09 million.

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.