Stephens Inc. AR held its position in Gannett Co., Inc. (NYSE:GCI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,440 shares of the company’s stock at the end of the second quarter. Stephens Inc. AR’s holdings in Gannett Co. were worth $108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Miles Capital Inc. raised its position in Gannett Co. by 0.3% during the 1st quarter. Miles Capital Inc. now owns 17,702 shares of the company’s stock valued at $148,000 after purchasing an additional 48 shares during the last quarter. Bank of Montreal Can raised its position in Gannett Co. by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 12,571 shares of the company’s stock valued at $110,000 after purchasing an additional 89 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Gannett Co. by 1.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 43,910 shares of the company’s stock valued at $368,000 after purchasing an additional 440 shares during the last quarter. Texas Permanent School Fund raised its position in Gannett Co. by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 82,928 shares of the company’s stock valued at $723,000 after purchasing an additional 692 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Gannett Co. by 1.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 64,330 shares of the company’s stock valued at $539,000 after purchasing an additional 970 shares during the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

Gannett Co., Inc. (NYSE:GCI) opened at 8.05 on Monday. Gannett Co., Inc. has a 12 month low of $7.30 and a 12 month high of $12.39. The company’s market cap is $915.24 million. The stock has a 50 day moving average price of $8.37 and a 200 day moving average price of $8.37.

Gannett Co. (NYSE:GCI) last announced its earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). Gannett Co. had a negative net margin of 0.07% and a positive return on equity of 11.30%. The business had revenue of $774.50 million for the quarter, compared to analysts’ expectations of $783.06 million. During the same quarter last year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts anticipate that Gannett Co., Inc. will post $0.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 7.95%. The ex-dividend date of this dividend was Wednesday, August 30th. Gannett Co.’s dividend payout ratio is presently -3,200.00%.

A number of research analysts have commented on GCI shares. ValuEngine lowered Gannett Co. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Gannett Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Gannett Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet raised Gannett Co. from a “d” rating to a “c-” rating in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $16.00.

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Gannett Co. Company Profile

Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.

Institutional Ownership by Quarter for Gannett Co. (NYSE:GCI)

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