Counterpoint Mutual Funds LLC lifted its position in Gannett Co., Inc. (NYSE:GCI – Free Report) by 57.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 82,680 shares of the company’s stock after acquiring an additional 30,226 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Gannett were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Gannett in the third quarter valued at $1,302,000. State Street Corp raised 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 purchasing an additional 116,716 shares in the last quarter. Barclays PLC raised its stake in shares of Gannett by 341.9% in the third quarter. Barclays PLC now owns 218,056 shares of the company’s stock valued at $1,224,000 after purchasing an additional 168,711 shares in the last quarter. Ritholtz Wealth Management raised its stake 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. Finally, Caprock Group LLC raised its stake in shares of Gannett by 55.6% in the fourth quarter. Caprock Group LLC now owns 35,769 shares of the company’s stock valued at $181,000 after purchasing an additional 12,788 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.
Gannett Stock Performance
NYSE:GCI opened at $3.07 on Tuesday. The stock has a market capitalization of $451.69 million, a P/E ratio of -5.68 and a beta of 2.48. Gannett Co., Inc. has a 1 year low of $1.97 and a 1 year high of $5.93. The firm has a 50 day moving average of $4.40 and a 200-day moving average of $4.95. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59.
Wall Street Analysts Forecast Growth
Separately, JMP Securities restated a “market outperform” rating and issued a $6.00 target price on shares of Gannett in a research note on Monday, January 27th.
Get Our Latest Stock Report on GCI
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.
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