Shares of Gannett Co Inc (NYSE:GCI) have earned an average rating of “Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.
Separately, Zacks Investment Research lowered Gannett from a “hold” rating to a “strong sell” rating in a research report on Monday, October 9th.
Gannett (NYSE:GCI) traded down $0.17 during mid-day trading on Monday, reaching $11.94. The company had a trading volume of 1,392,541 shares, compared to its average volume of 966,317. Gannett has a one year low of $7.36 and a one year high of $12.38. 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 company has a market cap of $1,330.00 and a price-to-earnings ratio of 25.96.
Gannett (NYSE:GCI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.05. Gannett had a return on equity of 13.25% and a net margin of 1.43%. The company had revenue of $744.30 million during the quarter, compared to analyst estimates of $762.97 million. During the same quarter last year, the company earned ($0.21) EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. equities research analysts predict that Gannett will post 0.94 earnings per share for the current year.
In related news, insider John M. Zidich sold 17,954 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $10.71, for a total transaction of $192,287.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 20,579 shares of company stock valued at $222,035. 0.74% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Gannett by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,732,518 shares of the company’s stock worth $93,588,000 after purchasing an additional 439,304 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Gannett by 10.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,751,566 shares of the company’s stock worth $60,764,000 after purchasing an additional 641,893 shares in the last quarter. State Street Corp increased its holdings in shares of Gannett by 3.1% in the 2nd quarter. State Street Corp now owns 3,165,173 shares of the company’s stock worth $27,595,000 after purchasing an additional 96,469 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Gannett by 3.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,851,197 shares of the company’s stock worth $21,456,000 after purchasing an additional 53,360 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Gannett by 5.9% in the 2nd quarter. FMR LLC now owns 1,793,801 shares of the company’s stock worth $15,642,000 after purchasing an additional 99,229 shares in the last quarter. 84.66% of the stock is owned by institutional investors and hedge funds.
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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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