Gannett Co Inc (GCI) Given Average Rating of “Buy” by Analysts

Gannett Co Inc (NYSE:GCI) has been given an average rating of “Buy” by the five ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

A number of research firms have weighed in on GCI. ValuEngine raised Gannett from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Gannett from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th.

Gannett (NYSE:GCI) traded down $0.03 during mid-day trading on Friday, reaching $10.88. The company’s stock had a trading volume of 360,626 shares, compared to its average volume of 869,775. Gannett has a 52 week low of $7.36 and a 52 week high of $12.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $1,224.99, a P/E ratio of 27.64 and a beta of 0.80.

In related news, insider John M. Zidich sold 17,954 shares of Gannett stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $10.71, for a total transaction of $192,287.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 20,579 shares of company stock worth $222,035 in the last three months. 0.74% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp bought a new stake in shares of Gannett during the second quarter worth approximately $113,000. Fox Run Management L.L.C. bought a new position in shares of Gannett in the fourth quarter valued at about $117,000. Koch Industries Inc. bought a new position in shares of Gannett in the second quarter valued at about $127,000. Meeder Asset Management Inc. raised its position in shares of Gannett by 213.9% in the fourth quarter. Meeder Asset Management Inc. now owns 13,886 shares of the company’s stock valued at $161,000 after purchasing an additional 9,462 shares during the period. Finally, National Asset Management Inc. raised its position in shares of Gannett by 1.9% in the second quarter. National Asset Management Inc. now owns 19,029 shares of the company’s stock valued at $167,000 after purchasing an additional 356 shares during the period. 85.46% of the stock is currently owned by institutional investors.

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Gannett 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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