Equities research analysts at JMP Securities began coverage on shares of Gannett (NYSE:GCI – Get Free Report) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $6.00 price target on the stock. JMP Securities’ price objective would indicate a potential upside of 25.00% from the company’s previous close.
Separately, Citigroup raised shares of Gannett from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $1.95 to $3.60 in a research report on Friday, May 24th.
Get Our Latest Stock Report on GCI
Gannett Trading Up 2.3 %
Gannett (NYSE:GCI – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $635.76 million for the quarter. Gannett had a negative return on equity of 27.67% and a negative net margin of 4.67%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of GCI. Simplicity Wealth LLC bought a new position in Gannett during the first quarter valued at approximately $25,000. Focus Financial Network Inc. ADV acquired a new stake in shares of Gannett during the fourth quarter worth approximately $25,000. Tower Research Capital LLC TRC increased its holdings in Gannett by 108.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 29,008 shares of the company’s stock valued at $67,000 after purchasing an additional 15,066 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Gannett in the fourth quarter valued at about $82,000. Finally, Quadrature Capital Ltd lifted its position in shares of Gannett by 285.4% during the third quarter. Quadrature Capital Ltd now owns 62,654 shares of the company’s stock worth $154,000 after purchasing an additional 46,396 shares in the last quarter. 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.
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