Gannett (NYSE:GCI) Trading Down 5.5% – What’s Next?

Gannett Co., Inc. (NYSE:GCI)’s stock price was down 5.5% during trading on Friday . The stock traded as low as $5.30 and last traded at $5.32. Approximately 235,143 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,211,330 shares. The stock had previously closed at $5.63.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price on the stock in a report on Tuesday, September 17th.

Gannett Stock Down 5.5 %

The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79. The company has a market capitalization of $784.22 million, a PE ratio of -6.57 and a beta of 2.55. The company’s fifty day moving average is $5.34 and its 200-day moving average is $4.95.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Virtue Capital Management LLC raised its holdings in Gannett by 1.3% during the third quarter. Virtue Capital Management LLC now owns 174,793 shares of the company’s stock valued at $982,000 after acquiring an additional 2,258 shares during the period. Rhumbline Advisers grew its position in shares of Gannett by 1.5% during the second quarter. Rhumbline Advisers now owns 231,252 shares of the company’s stock worth $1,066,000 after purchasing an additional 3,333 shares in the last quarter. Aigen Investment Management LP raised its stake in Gannett by 22.5% during the 3rd quarter. Aigen Investment Management LP now owns 18,549 shares of the company’s stock valued at $104,000 after purchasing an additional 3,405 shares during the period. Silverberg Bernstein Capital Management LLC lifted its holdings in Gannett by 0.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 515,066 shares of the company’s stock worth $2,895,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Pingora Partners LLC boosted its stake in Gannett by 5.4% in the 3rd quarter. Pingora Partners LLC now owns 109,787 shares of the company’s stock worth $617,000 after purchasing an additional 5,600 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.

About Gannett

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.