Gannett (GCI) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its position in Gannett (NYSE:GCI) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,056 shares of the company’s stock after buying an additional 8,726 shares during the period. UBS Asset Management Americas Inc.’s holdings in Gannett were worth $1,021,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GCI. Fox Run Management L.L.C. acquired a new position in shares of Gannett in the 4th quarter valued at $117,000. Meeder Asset Management Inc. grew its holdings in shares of Gannett by 213.9% in the 4th quarter. Meeder Asset Management Inc. now owns 13,886 shares of the company’s stock valued at $161,000 after buying an additional 9,462 shares during the period. Stifel Financial Corp grew its holdings in shares of Gannett by 39.3% in the 3rd quarter. Stifel Financial Corp now owns 18,167 shares of the company’s stock valued at $162,000 after buying an additional 5,124 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Gannett in the 3rd quarter valued at $232,000. Finally, Sei Investments Co. grew its holdings in shares of Gannett by 40.7% in the 3rd quarter. Sei Investments Co. now owns 27,516 shares of the company’s stock valued at $248,000 after buying an additional 7,955 shares during the period. 89.45% of the stock is owned by institutional investors.

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Gannett stock opened at $9.87 on Friday. The firm has a market cap of $1,113.57, a price-to-earnings ratio of 9.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.16 and a quick ratio of 1.10. Gannett has a one year low of $7.36 and a one year high of $12.38.

Gannett (NYSE:GCI) last announced its earnings results on Tuesday, February 20th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.09. The firm had revenue of $854.00 million during the quarter, compared to analyst estimates of $848.74 million. Gannett had a net margin of 0.22% and a return on equity of 13.29%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. analysts predict that Gannett will post 1.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend is Friday, March 9th. Gannett’s payout ratio is presently 1,066.67%.

In other Gannett news, CEO Walker Henry K. Faure sold 20,097 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $10.03, for a total transaction of $201,572.91. Following the sale, the chief executive officer now directly owns 1,351 shares of the company’s stock, valued at approximately $13,550.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Barbara W. Wall sold 10,954 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $10.43, for a total transaction of $114,250.22. Following the sale, the senior vice president now directly owns 18,023 shares in the company, valued at $187,979.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,673 shares of company stock valued at $804,778. Company insiders own 0.74% of the company’s stock.

Separately, ValuEngine raised shares of Gannett from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Gannett has an average rating of “Buy”.

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About Gannett

Gannett Co, Inc operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. The company 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 170 news brands and 80 magazines in the United Kingdom.

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Institutional Ownership by Quarter for Gannett (NYSE:GCI)

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