Cambiar Investors LLC Acquires 2,898 Shares of Gannett Co., Inc. (NYSE:GCI)

Cambiar Investors LLC grew its holdings in shares of Gannett Co., Inc. (NYSE:GCI) by 27.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,558 shares of the company’s stock after purchasing an additional 2,898 shares during the period. Cambiar Investors LLC’s holdings in Gannett were worth $69,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GCI. Creative Planning acquired a new stake in Gannett in the second quarter valued at $299,000. Ritholtz Wealth Management acquired a new stake in shares of Gannett in the third quarter valued at about $487,000. nVerses Capital LLC bought a new position in shares of Gannett during the third quarter worth about $55,000. Hanseatic Management Services Inc. lifted its stake in shares of Gannett by 9,629.6% in the third quarter. Hanseatic Management Services Inc. now owns 178,928 shares of the company’s stock worth $1,006,000 after acquiring an additional 177,089 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Gannett by 471.8% in the third quarter. Principal Financial Group Inc. now owns 79,585 shares of the company’s stock valued at $447,000 after acquiring an additional 65,667 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Ratings Changes

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

Gannett Price Performance

GCI stock opened at $4.68 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.88. The company’s fifty day simple moving average is $4.99 and its 200 day simple moving average is $5.08. Gannett Co., Inc. has a 12-month low of $1.95 and a 12-month high of $5.93. The firm has a market cap of $689.14 million, a price-to-earnings ratio of -5.77 and a beta of 2.53.

Gannett Company 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.