Counterpoint Mutual Funds LLC Has $418,000 Position in Gannett Co., Inc. (NYSE:GCI)

Counterpoint Mutual Funds LLC boosted its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 57.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,680 shares of the company’s stock after purchasing an additional 30,226 shares during the quarter. Counterpoint Mutual Funds LLC owned about 0.06% of Gannett worth $418,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in Gannett by 3.0% during the third quarter. State Street Corp now owns 4,058,266 shares of the company’s stock worth $22,807,000 after purchasing an additional 116,716 shares during the period. Empowered Funds LLC boosted its position in Gannett by 5.1% during the fourth quarter. Empowered Funds LLC now owns 932,992 shares of the company’s stock worth $4,721,000 after purchasing an additional 45,546 shares during the period. Tenzing Global Management LLC bought a new stake in Gannett during the third quarter worth approximately $1,686,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Gannett during the third quarter worth approximately $1,489,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Gannett during the third quarter worth approximately $1,302,000. Institutional investors own 76.71% of the company’s stock.

Gannett Stock Down 0.8 %

GCI opened at $3.07 on Tuesday. Gannett Co., Inc. has a 1-year low of $1.97 and a 1-year high of $5.93. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 6.59. The stock has a market capitalization of $451.69 million, a price-to-earnings ratio of -5.68 and a beta of 2.48. The business has a 50 day moving average of $4.40 and a 200-day moving average of $4.95.

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

Analyst Upgrades and Downgrades

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

Gannett Company Profile

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.