The Gannett Co Inc (GCI) Shares Sold by Profund Advisors LLC

The Gannett Co Inc (GCI) Shares Sold by Profund Advisors LLC

A number of other hedge funds also recently modified their holdings of the stock. Rothschild Investment Corp IL raised its stake in shares of 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. Highbridge Capital Management LLC bought a new stake in shares of Gannett Co during the fourth quarter valued at about $802,000. Teachers Advisors LLC raised its stake in shares of 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. Norges Bank bought a new stake in shares of Gannett Co during the fourth quarter valued at about $20,127,000. Finally, Miles Capital Inc. raised its stake in shares of Gannett Co by 7.0% in the fourth quarter. Miles Capital Inc. now owns 17,654 shares of the company’s stock valued at $171,000 after buying an additional 1,162 shares during the period. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Profund Advisors LLC reduced its stake in shares of Gannett Co Inc (NYSE:GCI) by 31.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,224 shares of the company’s stock after selling 11,969 shares during the period. Profund Advisors LLC’s holdings in Gannett Co were worth $220,000 at the end of the most recent quarter.

Gannett Co Inc (GCI) opened at 7.66 on Monday. Gannett Co Inc has a 52-week low of $7.30 and a 52-week high of $15.58. The firm has a market capitalization of $870.44 million, a P/E ratio of 84.18 and a beta of 0.73. The firm has a 50-day moving average price of $8.12 and a 200 day moving average price of $8.87.

Gannett Co (NYSE:GCI) last released its quarterly earnings data on Tuesday, April 25th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $773.50 million for the quarter, compared to the consensus estimate of $767.99 million. Gannett Co had a return on equity of 12.56% and a net margin of 1.44%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. Analysts forecast that Gannett Co Inc will post $1.03 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Monday, June 5th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.36%. Gannett Co’s dividend payout ratio (DPR) is 177.78%.

Gannett Co (NYSE:GCI) last released its quarterly earnings data on Tuesday, April 25th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $773.50 million for the quarter, compared to the consensus estimate of $767.99 million. Gannett Co had a return on equity of 12.56% and a net margin of 1.44%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. Analysts forecast that Gannett Co Inc will post $1.03 EPS for the current year. Several brokerages recently issued reports on GCI. Zacks Investment Research lowered shares of Gannett Co from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. ValuEngine lowered shares of Gannett Co from a “buy” rating to a “hold” rating in a report on Friday. Finally, Noble Financial restated a “buy” rating on shares of Gannett Co in a report on Sunday, May 14th.

Gannett Co 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GCI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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