Gannett (NYSE:GCI) Shares Down 3.8% – What’s Next?

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

Gannett Price Performance

The firm has a market capitalization of $700.93 million, a PE ratio of -5.87 and a beta of 2.55. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. The firm has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $5.09.

Institutional Investors Weigh In On Gannett

Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Gannett during the third quarter valued at about $45,000. nVerses Capital LLC acquired a new stake in Gannett during the 3rd quarter worth about $55,000. Dark Forest Capital Management LP acquired a new position in Gannett in the second quarter valued at approximately $57,000. PEAK6 Investments LLC acquired a new stake in Gannett in the third quarter valued at approximately $57,000. Finally, Sei Investments Co. acquired a new stake in Gannett in the 2nd quarter valued at $64,000. 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.