Gannett Co., Inc. (NYSE:GCI) insider John M. Zidich sold 17,954 shares of Gannett Co. stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $10.71, for a total transaction of $192,287.34. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Gannett Co., Inc. (NYSE GCI) traded up $0.16 on Wednesday, reaching $10.77. 717,600 shares of the company’s stock were exchanged, compared to its average volume of 1,008,272. Gannett Co., Inc. has a 1 year low of $7.36 and a 1 year high of $10.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $1,185.87, a P/E ratio of 10.83 and a beta of 0.59.

Gannett Co. (NYSE:GCI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.05. The company had revenue of $744.30 million during the quarter, compared to analysts’ expectations of $762.97 million. Gannett Co. had a return on equity of 13.25% and a net margin of 1.43%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned ($0.21) earnings per share. analysts forecast that Gannett Co., Inc. will post 0.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Tuesday, December 12th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.94%. Gannett Co.’s payout ratio is presently 164.11%.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Gannett Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub downgraded shares of Gannett Co. from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, ValuEngine upgraded shares of Gannett Co. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy”.

Several hedge funds and other institutional investors have recently modified their holdings of GCI. Bank of Montreal Can lifted its holdings in shares of Gannett Co. by 0.7% during the second quarter. Bank of Montreal Can now owns 12,571 shares of the company’s stock valued at $110,000 after acquiring an additional 89 shares during the period. Stifel Financial Corp bought a new position in shares of Gannett Co. in the second quarter valued at about $113,000. Koch Industries Inc. bought a new position in shares of Gannett Co. in the second quarter valued at about $127,000. BB&T Securities LLC acquired a new stake in Gannett Co. in the second quarter worth about $129,000. Finally, National Asset Management Inc. increased its position in Gannett Co. by 1.9% in the second quarter. National Asset Management Inc. now owns 19,029 shares of the company’s stock worth $167,000 after purchasing an additional 356 shares during the period. 83.84% of the stock is owned by institutional investors.

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.

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