Public Employees Retirement System of Ohio trimmed its stake in Gannett Co Inc (NYSE:GCI) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,450 shares of the company’s stock after selling 13,055 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.09% of Gannett worth $840,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. One Wealth Advisors LLC increased its stake in shares of Gannett by 20.7% in the fourth quarter. One Wealth Advisors LLC now owns 39,329 shares of the company’s stock worth $335,000 after purchasing an additional 6,758 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Gannett by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 80,847 shares of the company’s stock worth $690,000 after purchasing an additional 1,778 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Gannett in the fourth quarter worth about $480,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Gannett by 335.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 34,709 shares of the company’s stock worth $296,000 after purchasing an additional 26,744 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Gannett by 16.8% in the fourth quarter. Two Sigma Advisers LP now owns 322,500 shares of the company’s stock worth $2,751,000 after purchasing an additional 46,487 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Several equities analysts have recently weighed in on GCI shares. ValuEngine upgraded shares of Gannett from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. Zacks Investment Research downgraded shares of Gannett from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Gannett currently has a consensus rating of “Hold” and a consensus target price of $11.67.

GCI opened at $10.05 on Monday. The stock has a market capitalization of $1.15 billion, a PE ratio of 9.31 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.97. Gannett Co Inc has a twelve month low of $8.37 and a twelve month high of $11.99.

Gannett (NYSE:GCI) last posted its earnings results on Wednesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.07). The business had revenue of $751.40 million during the quarter, compared to analysts’ expectations of $768.47 million. Gannett had a return on equity of 11.52% and a net margin of 0.52%. Gannett’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities research analysts anticipate that Gannett Co Inc will post 0.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.64 annualized dividend and a yield of 6.37%. Gannett’s dividend payout ratio is currently 59.26%.

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Gannett Company Profile

Gannett Co, Inc operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. It offers print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 150 news brands and 150 magazines in the United Kingdom.

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Institutional Ownership by Quarter for Gannett (NYSE:GCI)

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