Dynamic Technology Lab Private Ltd Has $284,000 Stock Position in Gannett Co., Inc. $GCI

by · The Cerbat Gem

Dynamic Technology Lab Private Ltd reduced its stake in shares of Gannett Co., Inc. (NYSE:GCI – Free Report) by 27.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,337 shares of the company’s stock after selling 30,120 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.05% of Gannett worth $284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Savant Capital LLC acquired a new position in shares of Gannett during the second quarter valued at about $50,000. Wealth Enhancement Advisory Services LLC bought a new position in Gannett during the second quarter valued at about $53,000. MQS Management LLC acquired a new position in Gannett in the 2nd quarter valued at approximately $54,000. Cambiar Investors LLC lifted its position in shares of Gannett by 26.1% in the 1st quarter. Cambiar Investors LLC now owns 17,103 shares of the company’s stock worth $49,000 after acquiring an additional 3,545 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Gannett during the 1st quarter worth approximately $67,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GCI has been the subject of a number of recent research reports. Citigroup upped their target price on Gannett from $4.30 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Gannett in a research note on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Gannett from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gannett currently has an average rating of “Hold” and an average price target of $5.55.

Get Our Latest Research Report on GCI

Gannett Stock Down 1.9%

Shares of NYSE GCI opened at $4.55 on Wednesday. Gannett Co., Inc. has a 52-week low of $2.55 and a 52-week high of $5.69. The company has a debt-to-equity ratio of 4.66, a quick ratio of 0.67 and a current ratio of 0.69. The business has a fifty day moving average of $4.31 and a two-hundred day moving average of $3.97. The stock has a market cap of $669.35 million, a PE ratio of 21.67 and a beta of 2.55.

Gannett (NYSE:GCI – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The firm had revenue of $560.80 million for the quarter, compared to analyst estimates of $575.58 million. Gannett had a return on equity of 42.98% and a net margin of 4.11%.

About Gannett

(Free Report)

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.

Further Reading