Caprock Group LLC Takes Position in Gannett Co., Inc. (NYSE:GCI)

Caprock Group LLC acquired a new position in Gannett Co., Inc. (NYSE:GCI) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,981 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GCI. Cambiar Investors LLC acquired a new stake in shares of Gannett in the second quarter worth $49,000. nVerses Capital LLC purchased a new position in Gannett during the 3rd quarter valued at about $55,000. Dark Forest Capital Management LP acquired a new position in shares of Gannett in the 2nd quarter valued at about $57,000. Sei Investments Co. purchased a new stake in shares of Gannett in the second quarter worth approximately $64,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Gannett during the second quarter worth approximately $76,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Gannett Price Performance

NYSE GCI opened at $5.41 on Tuesday. The firm has a market cap of $797.49 million, a P/E ratio of -6.68 and a beta of 2.51. The stock’s 50-day moving average is $5.38 and its two-hundred day moving average is $4.77. Gannett Co., Inc. has a fifty-two week low of $1.83 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup upgraded shares of Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price for the company in a research report on Tuesday, September 17th. JMP Securities raised Gannett to a “strong-buy” rating in a research report on Friday, August 2nd.

About Gannett

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.