Gannett Co., Inc. (NYSE:GCI) Director Buys $370,000.00 in Stock

Gannett Co., Inc. (NYSE:GCIGet Free Report) Director Laurence Tarica purchased 200,000 shares of Gannett stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $1.85 per share, for a total transaction of $370,000.00. Following the transaction, the director now directly owns 1,008,799 shares of the company’s stock, valued at approximately $1,866,278.15. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gannett Trading Up 3.7 %

Shares of NYSE GCI opened at $1.95 on Monday. Gannett Co., Inc. has a 1-year low of $1.62 and a 1-year high of $3.60. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.83 and a quick ratio of 0.77. The business’s 50 day moving average is $2.37 and its two-hundred day moving average is $2.44. The stock has a market capitalization of $290.21 million, a P/E ratio of 14.46 and a beta of 2.45.

Hedge Funds Weigh In On Gannett

A number of institutional investors and hedge funds have recently modified their holdings of GCI. Shah Capital Management boosted its stake in shares of Gannett by 36.4% during the 2nd quarter. Shah Capital Management now owns 2,100,000 shares of the company’s stock worth $4,725,000 after purchasing an additional 560,000 shares during the period. Boulder Hill Capital Management LP purchased a new stake in shares of Gannett in the first quarter worth approximately $89,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Gannett by 40.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 41,798 shares of the company’s stock worth $94,000 after acquiring an additional 12,007 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Gannett by 535.4% during the 2nd quarter. Acadian Asset Management LLC now owns 495,088 shares of the company’s stock valued at $1,111,000 after acquiring an additional 417,170 shares during the period. Finally, Nwam LLC bought a new position in Gannett in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 72.52% of the company’s stock.

Analysts Set New Price Targets

Separately, raised shares of Gannett from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th.

View Our Latest Analysis on Gannett

Gannett Company Profile

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Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through two segments, Gannett Media and Digital Marketing Solutions. The company's principal products include 218 daily print media with total paid circulation of approximately 1.6 million and Sunday circulation of 4.1 million; 175 weekly print media; and 266 locally-focused websites.

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