Gannett Co., Inc. (NYSE:GCI) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 887,446 shares of the company’s stock after purchasing an additional 45,158 shares during the period. Empowered Funds LLC owned 0.60% of Gannett worth $4,987,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Aigen Investment Management LP raised its holdings in shares of Gannett by 22.5% in the third quarter. Aigen Investment Management LP now owns 18,549 shares of the company’s stock valued at $104,000 after buying an additional 3,405 shares during the last quarter. Principal Financial Group Inc. raised its stake in Gannett by 471.8% during the 3rd quarter. Principal Financial Group Inc. now owns 79,585 shares of the company’s stock valued at $447,000 after acquiring an additional 65,667 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in Gannett by 9,629.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock worth $1,006,000 after acquiring an additional 177,089 shares during the period. nVerses Capital LLC purchased a new position in shares of Gannett in the 3rd quarter valued at approximately $55,000. Finally, Creative Planning grew its stake in shares of Gannett by 22.8% in the 3rd quarter. Creative Planning now owns 79,687 shares of the company’s stock valued at $448,000 after purchasing an additional 14,817 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on GCI. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price target for the company in a report on Tuesday, September 17th. JMP Securities upgraded shares of Gannett to a “strong-buy” rating in a research note on Friday, August 2nd.

Gannett Stock Down 3.1 %

Gannett stock opened at $4.94 on Monday. The stock’s 50 day moving average price is $5.31 and its 200 day moving average price is $4.70. Gannett Co., Inc. has a 1-year low of $1.80 and a 1-year high of $5.93. The company has a market cap of $728.21 million, a PE ratio of -6.10 and a beta of 2.51. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74.

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.