XTX Topco Ltd Purchases 28,271 Shares of Gannett Co., Inc. (NYSE:GCI)

XTX Topco Ltd boosted its position in Gannett Co., Inc. (NYSE:GCI) by 42.4% during the 3rd quarter, Holdings Channel reports. The fund owned 94,913 shares of the company’s stock after buying an additional 28,271 shares during the period. XTX Topco Ltd’s holdings in Gannett were worth $533,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GCI. Tenzing Global Management LLC bought a new position in shares of Gannett in the 3rd quarter worth $1,686,000. State Street Corp lifted its stake in shares of Gannett by 3.0% in the third quarter. State Street Corp now owns 4,058,266 shares of the company’s stock valued at $22,807,000 after buying an additional 116,716 shares in the last quarter. Pingora Partners LLC grew its holdings in shares of Gannett by 5.4% during 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 last quarter. Janus Henderson Group PLC bought a new stake in shares of Gannett during the third quarter worth about $334,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Gannett in the 3rd quarter worth about $66,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price objective for the company in a research note on Tuesday, September 17th.

Gannett Price Performance

GCI opened at $5.32 on Friday. Gannett Co., Inc. has a 1 year low of $1.95 and a 1 year high of $5.93. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. The company has a market capitalization of $784.22 million, a price-to-earnings ratio of -6.57 and a beta of 2.55. The firm’s fifty day moving average price is $5.34 and its two-hundred day moving average price is $4.94.

Gannett Company 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.