Gannett Co., Inc. (NYSE:GCI) has received an average rating of “Hold” from the five analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Gannett Co. from a “hold” rating to a “strong sell” rating in a research report on Monday, October 9th. BidaskClub raised shares of Gannett Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, ValuEngine raised shares of Gannett Co. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

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Gannett Co. (NYSE GCI) traded down 1.03% on Wednesday, reaching $8.61. 600,478 shares of the company traded hands. The stock’s market capitalization is $978.91 million. The firm has a 50 day moving average of $8.95 and a 200-day moving average of $8.57. Gannett Co. has a one year low of $7.30 and a one year high of $10.30.

Gannett Co. (NYSE:GCI) last released its earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $774.50 million for the quarter, compared to analyst estimates of $783.06 million. Gannett Co. had a negative net margin of 0.07% and a positive return on equity of 11.30%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. On average, analysts anticipate that Gannett Co. will post $0.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend is Monday, December 11th. Gannett Co.’s dividend payout ratio is presently -3,200.00%.

A number of large investors have recently added to or reduced their stakes in the business. Stevens Capital Management LP increased its position in Gannett Co. by 23.6% during the 3rd quarter. Stevens Capital Management LP now owns 64,174 shares of the company’s stock valued at $578,000 after purchasing an additional 12,271 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Gannett Co. during the 3rd quarter worth approximately $452,000. Heartland Advisors Inc. boosted its holdings in shares of Gannett Co. by 17.6% during the 3rd quarter. Heartland Advisors Inc. now owns 500,000 shares of the company’s stock worth $4,500,000 after buying an additional 75,000 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Gannett Co. by 1,094.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,372,602 shares of the company’s stock worth $12,353,000 after buying an additional 1,257,690 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Gannett Co. by 22.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,715 shares of the company’s stock worth $285,000 after buying an additional 6,053 shares in the last quarter. 82.56% of the stock is owned by institutional investors and hedge funds.

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.

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