Gannett Co Inc (NYSE:GCI) insider John M. Zidich sold 28,089 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $10.21, for a total value of $286,788.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Gannett Co Inc (NYSE GCI) traded up $0.52 during mid-day trading on Friday, reaching $10.73. The company’s stock had a trading volume of 1,040,478 shares, compared to its average volume of 950,391. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $1,159.04, a P/E ratio of 177.67 and a beta of 0.80. Gannett Co Inc has a 12-month low of $7.36 and a 12-month high of $12.38.
Gannett (NYSE:GCI) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.09. The firm had revenue of $854.00 million during the quarter, compared to the consensus estimate of $848.74 million. Gannett had a return on equity of 13.92% and a net margin of 0.22%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. equities analysts forecast that Gannett Co Inc will post 0.81 EPS for the current fiscal year.
A number of research firms recently issued reports on GCI. 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 research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy”.
A number of hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors grew its stake in Gannett by 2.6% in the second quarter. Nationwide Fund Advisors now owns 80,819 shares of the company’s stock valued at $705,000 after purchasing an additional 2,078 shares in the last quarter. Stifel Financial Corp grew its stake in Gannett by 39.3% in the third quarter. Stifel Financial Corp now owns 18,167 shares of the company’s stock valued at $162,000 after purchasing an additional 5,124 shares in the last quarter. Teachers Advisors LLC grew its stake in Gannett by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 214,176 shares of the company’s stock valued at $2,482,000 after purchasing an additional 5,499 shares in the last quarter. Macquarie Group Ltd. grew its stake in Gannett by 14.9% in the fourth quarter. Macquarie Group Ltd. now owns 42,300 shares of the company’s stock valued at $490,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Gannett by 14.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 47,900 shares of the company’s stock valued at $555,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 87.13% of the company’s stock.
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Gannett Company Profile
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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