14,939 Shares in Gannett Co., Inc. (NYSE:GCI) Purchased by AXQ Capital LP

AXQ Capital LP acquired a new stake in shares of Gannett Co., Inc. (NYSE:GCI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,939 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Gannett during the 3rd quarter valued at approximately $45,000. Quantbot Technologies LP bought a new position in shares of Gannett in the fourth quarter worth $51,000. PEAK6 Investments LLC bought a new position in shares of Gannett in the third quarter worth $57,000. Ieq Capital LLC purchased a new position in shares of Gannett in the fourth quarter valued at $54,000. Finally, Xponance Inc. bought a new stake in shares of Gannett during the 4th quarter valued at $56,000. Institutional investors own 76.71% of the company’s stock.

Analyst Ratings Changes

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 Stock Performance

NYSE GCI opened at $3.16 on Tuesday. The company’s 50 day simple moving average is $4.20 and its two-hundred day simple moving average is $4.88. The stock has a market capitalization of $464.95 million, a PE ratio of -5.84 and a beta of 2.48. The company has a debt-to-equity ratio of 6.59, a current ratio of 0.78 and a quick ratio of 0.74. Gannett Co., Inc. has a 1 year low of $2.21 and a 1 year high of $5.93.

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

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.