SG Americas Securities LLC Sells 28,780 Shares of Gannett Co., Inc. $GCI

SG Americas Securities LLC lessened its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,169,491 shares of the company’s stock after selling 28,780 shares during the period. SG Americas Securities LLC owned 1.48% of Gannett worth $7,767,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Silverberg Bernstein Capital Management LLC raised its position in Gannett by 27.7% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 684,493 shares of the company’s stock worth $2,450,000 after purchasing an additional 148,627 shares during the last quarter. Sullivan Wood Capital Management LLC bought a new stake in shares of Gannett in the 2nd quarter valued at about $676,000. Invst LLC acquired a new stake in shares of Gannett in the first quarter valued at about $1,134,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Gannett during the first quarter worth about $316,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Gannett by 3.6% in the first quarter. Principal Financial Group Inc. now owns 89,419 shares of the company’s stock worth $258,000 after acquiring an additional 3,074 shares during the period. Institutional investors own 76.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Gannett in a research report on Thursday. Citigroup upped their price objective on shares of Gannett from $4.30 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen cut shares of Gannett from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.55.

Gannett Price Performance

Shares of GCI opened at $4.68 on Monday. The firm has a market cap of $688.62 million, a PE ratio of 22.29 and a beta of 2.55. Gannett Co., Inc. has a 52-week low of $2.55 and a 52-week high of $5.69. The business’s 50 day moving average price is $4.26 and its two-hundred day moving average price is $3.91. 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 (NYSE:GCI) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Gannett had a return on equity of 42.98% and a net margin of 4.11%.The company had revenue of $560.80 million for the quarter, compared to analyst estimates of $575.58 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.