Cruiser Capital Advisors LLC Boosts Stake in Gannett Co., Inc. (NYSE:GCI)

Cruiser Capital Advisors LLC grew its stake in Gannett Co., Inc. (NYSE:GCI) by 149.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,075 shares of the company’s stock after acquiring an additional 39,600 shares during the quarter. Cruiser Capital Advisors LLC’s holdings in Gannett were worth $334,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tenzing Global Management LLC bought a new stake in shares of Gannett in the 3rd quarter valued at about $1,686,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Gannett during the third quarter valued at approximately $1,489,000. Teacher Retirement System of Texas lifted its position in Gannett by 446.8% during the fourth quarter. Teacher Retirement System of Texas now owns 307,778 shares of the company’s stock valued at $1,557,000 after acquiring an additional 251,496 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Gannett in the third quarter valued at approximately $1,302,000. Finally, Barclays PLC grew its holdings in Gannett by 341.9% in the third quarter. Barclays PLC now owns 218,056 shares of the company’s stock worth $1,224,000 after purchasing an additional 168,711 shares during the last quarter. 76.71% of the stock is owned by institutional investors.

Gannett Stock Performance

Shares of Gannett stock opened at $3.16 on Tuesday. The company has a 50 day moving average price of $4.20 and a 200 day moving average price of $4.88. The firm has a market capitalization of $464.95 million, a P/E ratio of -5.84 and a beta of 2.48. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 6.59. Gannett Co., Inc. has a 52 week low of $2.21 and a 52 week high of $5.93.

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

Wall Street Analyst Weigh In

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

Gannett 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.