Gannett Co., Inc. (NYSE:GCI) Stake Lessened by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in Gannett Co., Inc. (NYSE:GCI) by 47.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,831 shares of the company’s stock after selling 275,936 shares during the period. GSA Capital Partners LLP owned approximately 0.21% of Gannett worth $1,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GCI. Empowered Funds LLC boosted its holdings in shares of Gannett by 8.2% in the first quarter. Empowered Funds LLC now owns 781,628 shares of the company’s stock valued at $1,907,000 after acquiring an additional 59,243 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Gannett in the first quarter valued at approximately $236,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Gannett by 9.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,368 shares of the company’s stock valued at $216,000 after acquiring an additional 7,732 shares in the last quarter. Apollo Management Holdings L.P. boosted its holdings in Gannett by 6.1% during the first quarter. Apollo Management Holdings L.P. now owns 12,292,642 shares of the company’s stock worth $29,994,000 after buying an additional 703,617 shares in the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in Gannett during the first quarter worth approximately $394,000. 76.71% of the stock is currently owned by institutional investors.

Gannett Price Performance

NYSE GCI opened at $5.47 on Wednesday. Gannett Co., Inc. has a twelve month low of $1.80 and a twelve month high of $5.93. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88. The firm’s 50 day moving average price is $5.29 and its two-hundred day moving average price is $4.64.

Analyst Ratings Changes

GCI has been the subject of a number of research reports. JMP Securities upgraded shares of Gannett to a “strong-buy” rating in a report on Friday, August 2nd. 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 report on Tuesday, September 17th.

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.