Gannett Co., Inc. (NYSE:GCI) Shares Purchased by Cruiser Capital Advisors LLC

Cruiser Capital Advisors LLC boosted its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 149.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,075 shares of the company’s stock after purchasing an additional 39,600 shares during the period. Cruiser Capital Advisors LLC’s holdings in Gannett were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Gannett in the 3rd quarter valued at about $45,000. Quantbot Technologies LP purchased a new position in Gannett during the fourth quarter valued at approximately $51,000. Ieq Capital LLC acquired a new position in Gannett in the fourth quarter valued at approximately $54,000. Xponance Inc. purchased a new stake in Gannett in the 4th quarter worth approximately $56,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Gannett during the 3rd quarter worth approximately $57,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market outperform” rating and issued a $6.00 target price on shares of Gannett in a research note on Monday, January 27th.

Gannett Price Performance

NYSE:GCI opened at $3.16 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59. Gannett Co., Inc. has a 52 week low of $2.21 and a 52 week high of $5.93. The stock’s 50-day moving average price is $4.20 and its 200-day moving average price is $4.88. The stock has a market capitalization of $464.95 million, a PE ratio of -5.84 and a beta of 2.48.

Gannett (NYSE:GCI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. The company had revenue of $621.28 million for the quarter, compared to the consensus estimate of $635.09 million. Gannett had a positive return on equity of 11.40% and a negative net margin of 1.05%.

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.