Gannett (NYSE:GCI) Shares Down 3.8% – Should You Sell?

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

Gannett Stock Down 1.5 %

The stock has a market cap of $702.41 million, a price-to-earnings ratio of -5.88 and a beta of 2.55. The firm’s 50 day moving average is $5.15 and its two-hundred day moving average is $5.09. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88.

Hedge Funds Weigh In On Gannett

Large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Gannett in the 3rd quarter valued at $1,302,000. Renaissance Technologies LLC grew its position in shares of Gannett by 16.1% during the second quarter. Renaissance Technologies LLC now owns 1,072,024 shares of the company’s stock worth $4,942,000 after buying an additional 148,524 shares in the last quarter. Troluce Capital Advisors LLC bought a new stake in shares of Gannett in the second quarter worth $8,659,000. Hanseatic Management Services Inc. boosted its stake in Gannett by 9,629.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock valued at $1,006,000 after acquiring an additional 177,089 shares during the last quarter. Finally, State Street Corp grew its stake in Gannett by 3.0% in the third quarter. State Street Corp now owns 4,058,266 shares of the company’s stock worth $22,807,000 after purchasing an additional 116,716 shares in the last quarter. Hedge funds and other institutional investors 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.