Gannett Co., Inc. (NYSE:GCI) Position Raised by Acadian Asset Management LLC

Acadian Asset Management LLC raised its position in Gannett Co., Inc. (NYSE:GCI) by 17,754.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,459 shares of the company’s stock after buying an additional 231,157 shares during the period. Acadian Asset Management LLC owned about 0.20% of Gannett Co. worth $2,026,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GCI. Russell Investments Group Ltd. purchased a new position in shares of Gannett Co. during the fourth quarter worth about $149,000. Norges Bank purchased a new position in shares of Gannett Co. during the fourth quarter worth about $20,127,000. Teachers Advisors LLC boosted its position in Gannett Co. by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 202,966 shares of the company’s stock valued at $1,971,000 after buying an additional 16,046 shares during the period. Highbridge Capital Management LLC bought a new position in Gannett Co. during the fourth quarter valued at $802,000. Finally, Rothschild Investment Corp IL boosted its position in Gannett Co. by 23.1% in the first quarter. Rothschild Investment Corp IL now owns 27,401 shares of the company’s stock valued at $230,000 after buying an additional 5,150 shares during the period. 84.91% of the stock is owned by institutional investors and hedge funds.

Shares of Gannett Co., Inc. (GCI) traded up 0.49% during trading on Friday, hitting $8.18. 827,845 shares of the stock traded hands. The stock’s market cap is $930.03 million. Gannett Co., Inc. has a 1-year low of $7.30 and a 1-year high of $12.39. The stock has a 50 day moving average price of $8.69 and a 200-day moving average price of $8.47.

Gannett Co. (NYSE:GCI) last announced its earnings results on Thursday, August 3rd. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $774.50 million during the quarter, compared to analysts’ expectations of $783.06 million. Gannett Co. had a positive return on equity of 11.30% and a negative net margin of 0.07%. Gannett Co.’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. Equities analysts forecast that Gannett Co., Inc. will post $0.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date is Wednesday, August 30th. Gannett Co.’s dividend payout ratio (DPR) is -3,200.00%.

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GCI has been the subject of several research analyst reports. Zacks Investment Research cut shares of Gannett Co. from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Noble Financial reissued a “buy” rating on shares of Gannett Co. in a research report on Sunday, May 14th. ValuEngine lowered shares of Gannett Co. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Gannett Co. from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, TheStreet raised shares of Gannett Co. from a “d” rating to a “c-” rating in a research report on Friday, June 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.00.

About Gannett Co.

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.