Gannett Co Inc (NYSE:GCI) shares traded down 5.1% during mid-day trading on Monday . The company traded as low as $10.53 and last traded at $10.58. 1,192,395 shares changed hands during trading, an increase of 34% from the average session volume of 892,741 shares. The stock had previously closed at $11.15.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Gannett from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Gannett from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy”.
The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1,182.52, a P/E ratio of 27.82 and a beta of 0.80.
Several hedge funds and other institutional investors have recently modified their holdings of GCI. Teachers Advisors LLC boosted its stake in shares of Gannett by 1.4% during the 2nd quarter. Teachers Advisors LLC now owns 211,355 shares of the company’s stock worth $1,843,000 after acquiring an additional 2,964 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Gannett by 2.6% during the 2nd quarter. Nationwide Fund Advisors now owns 80,819 shares of the company’s stock worth $705,000 after acquiring an additional 2,078 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Gannett by 6.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 68,460 shares of the company’s stock worth $597,000 after acquiring an additional 4,130 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Gannett by 10.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 78,219 shares of the company’s stock worth $682,000 after acquiring an additional 7,679 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Gannett by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,732,518 shares of the company’s stock worth $93,588,000 after acquiring an additional 439,304 shares during the period. Institutional investors own 85.46% of the company’s stock.
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Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.
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