Gannett (NYSE:GCI) Stock Price Down 3.8% – What’s Next?

Gannett Co., Inc. (NYSE:GCI)’s stock price dropped 3.8% on Wednesday . The stock traded as low as $4.70 and last traded at $4.66. Approximately 94,440 shares traded hands during trading, a decline of 89% from the average daily volume of 884,890 shares. The stock had previously closed at $4.84.

Gannett Stock Performance

The firm has a market cap of $700.93 million, a price-to-earnings ratio of -5.87 and a beta of 2.55. The firm’s 50 day moving average price is $5.14 and its 200-day moving average price is $5.09. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Gannett in the third quarter valued at approximately $1,302,000. Renaissance Technologies LLC grew its position in Gannett by 16.1% in the second quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company’s stock valued at $4,942,000 after purchasing an additional 148,524 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in Gannett by 9,629.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock valued at $1,006,000 after buying an additional 177,089 shares during the last quarter. State Street Corp lifted its position in 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 buying an additional 116,716 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Gannett by 1,200.4% during the 2nd quarter. Squarepoint Ops LLC now owns 254,545 shares of the company’s stock worth $1,173,000 after buying an additional 234,971 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

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.