ValuEngine upgraded shares of Gannett (NYSE:GCI) from a buy rating to a strong-buy rating in a report released on Friday morning.
Separately, Zacks Investment Research raised shares of Gannett from a sell rating to a hold rating in a research 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 company. The company has a consensus rating of Buy.
Gannett (NYSE GCI) opened at $11.15 on Friday. The stock has a market cap of $1,246.22, a PE ratio of 11.38 and a beta of 0.80. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Gannett has a 1 year low of $7.36 and a 1 year high of $12.38.
Gannett (NYSE:GCI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.05. The company had revenue of $744.30 million for the quarter, compared to analysts’ expectations of $762.97 million. Gannett had a net margin of 1.43% and a return on equity of 13.25%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) EPS. research analysts forecast that Gannett will post 0.94 earnings per share for the current fiscal year.
In related news, insider John M. Zidich sold 17,954 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $10.71, for a total value of $192,287.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 20,579 shares of company stock worth $222,035. 0.74% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted its position in Gannett by 213.9% in the 4th quarter. Meeder Asset Management Inc. now owns 13,886 shares of the company’s stock valued at $161,000 after acquiring an additional 9,462 shares in the last quarter. Heartland Advisors Inc. lifted its position in Gannett by 43.6% in the 4th quarter. Heartland Advisors Inc. now owns 717,955 shares of the company’s stock valued at $8,321,000 after acquiring an additional 217,955 shares in the last quarter. Engineers Gate Manager LP lifted its position in Gannett by 920.7% in the 4th quarter. Engineers Gate Manager LP now owns 152,061 shares of the company’s stock valued at $1,762,000 after acquiring an additional 137,163 shares in the last quarter. LSV Asset Management lifted its position in Gannett by 20.4% in the 4th quarter. LSV Asset Management now owns 3,567,695 shares of the company’s stock valued at $41,349,000 after acquiring an additional 604,450 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Gannett by 8.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,494,303 shares of the company’s stock valued at $17,320,000 after acquiring an additional 121,701 shares in the last quarter. 85.46% of the stock is currently 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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