Gannett (NYSE:GCI) Hits New 52-Week High at $4.61

Gannett Co., Inc. (NYSE:GCIGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $4.61 and last traded at $4.60, with a volume of 2145979 shares changing hands. The stock had previously closed at $4.51.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Gannett from a “sell” rating to a “neutral” rating and raised their price target for the stock from $1.95 to $3.60 in a report on Friday, May 24th.

Get Our Latest Stock Report on GCI

Gannett Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 4.16. The firm has a fifty day moving average price of $3.49 and a 200 day moving average price of $2.71.

Gannett (NYSE:GCIGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.26) EPS for the quarter. The business had revenue of $635.76 million during the quarter. Gannett had a negative net margin of 4.67% and a negative return on equity of 27.67%.

Institutional Trading of Gannett

Several hedge funds have recently made changes to their positions in GCI. Apollo Management Holdings L.P. raised its holdings in shares of Gannett by 6.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 12,292,642 shares of the company’s stock valued at $29,994,000 after purchasing an additional 703,617 shares in the last quarter. Vanguard Group Inc. increased its holdings in Gannett by 1.2% in the third quarter. Vanguard Group Inc. now owns 8,462,750 shares of the company’s stock valued at $20,734,000 after buying an additional 100,837 shares during the last quarter. GSA Capital Partners LLP raised its stake in Gannett by 103.2% in the fourth quarter. GSA Capital Partners LLP now owns 1,096,933 shares of the company’s stock valued at $2,523,000 after buying an additional 557,079 shares in the last quarter. Empowered Funds LLC lifted its holdings in Gannett by 8.2% during the 1st quarter. Empowered Funds LLC now owns 781,628 shares of the company’s stock worth $1,907,000 after buying an additional 59,243 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its position in shares of Gannett by 22.3% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 496,761 shares of the company’s stock worth $1,212,000 after acquiring an additional 90,521 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

About Gannett

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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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