Gannett (NYSE:GCI) Stock Rating Lowered by Wall Street Zen

Gannett (NYSE:GCI) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gannett in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Gannett currently has an average rating of “Hold” and a consensus price target of $6.00.

Gannett Price Performance

Gannett stock traded up $0.02 during trading on Friday, reaching $5.10. The company had a trading volume of 264,184 shares, compared to its average volume of 1,668,161. The firm has a market capitalization of $749.53 million, a PE ratio of 24.27 and a beta of 2.55. The firm’s 50-day simple moving average is $4.18 and its 200 day simple moving average is $3.86. The company has a debt-to-equity ratio of 4.66, a quick ratio of 0.67 and a current ratio of 0.69. Gannett has a 1-year low of $2.55 and a 1-year high of $5.80.

Gannett (NYSE:GCI) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $575.58 million. Gannett had a net margin of 4.11% and a return on equity of 42.98%.

Institutional Trading of Gannett

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in Gannett by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 89,419 shares of the company’s stock worth $258,000 after purchasing an additional 3,074 shares during the period. OneDigital Investment Advisors LLC raised its holdings in Gannett by 6.4% in the first quarter. OneDigital Investment Advisors LLC now owns 84,426 shares of the company’s stock valued at $244,000 after acquiring an additional 5,048 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gannett in the first quarter valued at approximately $67,000. Vanguard Group Inc. lifted its stake in Gannett by 1.1% in the first quarter. Vanguard Group Inc. now owns 8,184,594 shares of the company’s stock worth $23,653,000 after acquiring an additional 91,332 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Gannett by 56.9% during the 1st quarter. Deutsche Bank AG now owns 532,123 shares of the company’s stock worth $1,538,000 after acquiring an additional 192,998 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.

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.