93,591 Shares in Gannett Co., Inc. (NYSE:GCI) Acquired by Peak6 LLC

Peak6 LLC bought a new position in shares of Gannett Co., Inc. (NYSE:GCI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 93,591 shares of the company’s stock, valued at approximately $474,000. Peak6 LLC owned about 0.06% of Gannett as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Portolan Capital Management LLC bought a new position in shares of Gannett during the 4th quarter valued at about $2,889,000. ExodusPoint Capital Management LP raised its stake in Gannett by 1,166.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 370,875 shares of the company’s stock valued at $1,877,000 after purchasing an additional 341,598 shares in the last quarter. Norges Bank bought a new position in Gannett during the fourth quarter valued at $1,364,000. Teacher Retirement System of Texas grew its stake in shares of Gannett by 446.8% in the 4th quarter. Teacher Retirement System of Texas now owns 307,778 shares of the company’s stock worth $1,557,000 after buying an additional 251,496 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Gannett by 17.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,551,020 shares of the company’s stock valued at $7,848,000 after buying an additional 233,420 shares in the last quarter. 76.71% of the stock is owned by hedge funds and other institutional investors.

Gannett Stock Performance

Shares of NYSE:GCI opened at $3.54 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59. The company has a market capitalization of $522.13 million, a price-to-earnings ratio of -6.56 and a beta of 2.21. Gannett Co., Inc. has a 12 month low of $2.35 and a 12 month high of $5.93. The firm’s 50-day moving average is $3.46 and its 200 day moving average is $4.56.

Gannett (NYSE:GCI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. The company had revenue of $621.28 million for the quarter, compared to the consensus estimate of $635.09 million. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%.

Analyst Ratings Changes

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

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.