Great West Life Assurance Co. Can raised its stake in Gannett Co. (NYSE:GCI) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,333 shares of the company’s stock after buying an additional 6,220 shares during the period. Great West Life Assurance Co. Can’s holdings in Gannett were worth $1,806,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in GCI. Tower Research Capital LLC TRC raised its stake in Gannett by 43.6% in the second quarter. Tower Research Capital LLC TRC now owns 7,794 shares of the company’s stock valued at $107,000 after buying an additional 2,365 shares during the period. KCG Holdings Inc. purchased a new stake in shares of Gannett during the second quarter valued at approximately $151,000. ARGI Investment Services LLC raised its stake in shares of Gannett by 1.5% in the second quarter. ARGI Investment Services LLC now owns 12,909 shares of the company’s stock valued at $177,000 after buying an additional 192 shares during the last quarter. Parkwood LLC purchased a new stake in shares of Gannett during the second quarter valued at approximately $188,000. Finally, Amalgamated Bank raised its stake in shares of Gannett by 5.9% in the second quarter. Amalgamated Bank now owns 13,977 shares of the company’s stock valued at $163,000 after buying an additional 777 shares during the last quarter. Hedge funds and other institutional investors own 85.62% of the company’s stock.
Gannett Co. (NYSE:GCI) traded down 1.23% on Monday, hitting $9.67. 818,939 shares of the company were exchanged. Gannett Co. has a one year low of $7.30 and a one year high of $17.91. The stock has a 50 day moving average price of $9.49 and a 200 day moving average price of $12.35. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 29.04 and a beta of 0.38.
Gannett (NYSE:GCI) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.11. The business had revenue of $772.30 million for the quarter, compared to the consensus estimate of $752.06 million. Gannett had a return on equity of 13.08% and a net margin of 1.36%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. On average, equities research analysts forecast that Gannett Co. will post $0.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Thursday, December 1st. Gannett’s dividend payout ratio (DPR) is 200.01%.
Several equities research analysts have commented on GCI shares. Noble Financial dropped their price target on shares of Gannett from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Jefferies Group restated a “hold” rating on shares of Gannett in a research note on Friday, August 5th.
In other Gannett news, Director John Jeffry Louis purchased 33,600 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was acquired at an average cost of $7.56 per share, with a total value of $254,016.00. Following the completion of the purchase, the director now directly owns 141,970 shares in the company, valued at approximately $1,073,293.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alison K. Engel purchased 6,400 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average cost of $7.81 per share, with a total value of $49,984.00. Following the completion of the purchase, the chief financial officer now owns 6,400 shares of the company’s stock, valued at $49,984. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.
Gannett Co, Inc is an international, multi-platform news and information company. The Company is a local content provider in the United States, operating in over 30 states and Guam. Its operations comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom.