Nwam LLC Trims Holdings in Gannett Co., Inc. (NYSE:GCI)

Nwam LLC trimmed its position in shares of Gannett Co., Inc. (NYSE:GCI) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,844 shares of the company’s stock after selling 2,538 shares during the period. Nwam LLC’s holdings in Gannett were worth $60,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Gannett during the third quarter valued at approximately $1,302,000. Hanseatic Management Services Inc. raised its holdings in shares of Gannett by 9,629.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock worth $1,006,000 after acquiring an additional 177,089 shares in the last quarter. State Street Corp raised its holdings in shares of Gannett by 3.0% during the 3rd quarter. State Street Corp now owns 4,058,266 shares of the company’s stock worth $22,807,000 after acquiring an additional 116,716 shares in the last quarter. Barclays PLC boosted its position in shares of Gannett by 341.9% during the 3rd quarter. Barclays PLC now owns 218,056 shares of the company’s stock valued at $1,224,000 after acquiring an additional 168,711 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of Gannett by 11.9% in the fourth quarter. Ritholtz Wealth Management now owns 97,067 shares of the company’s stock valued at $491,000 after purchasing an additional 10,332 shares in the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and set a $6.00 price objective on shares of Gannett in a research report on Monday, January 27th.

Gannett Trading Up 2.5 %

Shares of NYSE GCI opened at $4.04 on Monday. The stock has a market capitalization of $595.37 million, a P/E ratio of -7.48 and a beta of 2.53. The company has a debt-to-equity ratio of 6.59, a current ratio of 0.78 and a quick ratio of 0.74. The business’s 50 day moving average is $4.78 and its two-hundred day moving average is $5.08. Gannett Co., Inc. has a 1-year low of $1.95 and a 1-year high of $5.93.

Gannett (NYSE:GCI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. The firm had revenue of $621.28 million during the quarter, compared to analysts’ expectations 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.