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

Olympiad Research LP bought a new position in Gannett Co., Inc. (NYSE:GCI) in the fourth quarter, HoldingsChannel.com reports. The fund bought 16,846 shares of the company’s stock, valued at approximately $85,000.

Other large investors also recently modified their holdings of the company. Virtue Capital Management LLC increased its position in Gannett by 1.3% in the third quarter. Virtue Capital Management LLC now owns 174,793 shares of the company’s stock worth $982,000 after purchasing an additional 2,258 shares during the period. Cambiar Investors LLC boosted its stake in shares of Gannett by 27.2% in the 4th quarter. Cambiar Investors LLC now owns 13,558 shares of the company’s stock valued at $69,000 after purchasing an additional 2,898 shares during the last quarter. Aigen Investment Management LP grew its position in shares of Gannett by 22.5% during the 3rd quarter. Aigen Investment Management LP now owns 18,549 shares of the company’s stock worth $104,000 after buying an additional 3,405 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Gannett by 30.1% during the fourth quarter. Bleakley Financial Group LLC now owns 22,368 shares of the company’s stock worth $113,000 after buying an additional 5,170 shares during the last quarter. Finally, Pingora Partners LLC lifted its holdings in Gannett by 5.4% in the third quarter. Pingora Partners LLC now owns 109,787 shares of the company’s stock valued at $617,000 after buying an additional 5,600 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 reaffirmed a “market outperform” rating and set a $6.00 target price on shares of Gannett in a report on Monday, January 27th.

Gannett Trading Down 5.7 %

NYSE:GCI opened at $4.06 on Tuesday. The firm has a market capitalization of $597.58 million, a price-to-earnings ratio of -7.51 and a beta of 2.53. Gannett Co., Inc. has a 1-year low of $1.95 and a 1-year high of $5.93. The business’s 50-day moving average price is $4.87 and its two-hundred day moving average price is $5.09. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59.

Gannett (NYSE:GCI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10. The business had revenue of $621.28 million for the quarter, compared to analyst estimates of $635.09 million. Gannett had a negative net margin of 1.05% and a positive return on equity of 11.40%.

Gannett Profile

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.