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.
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.
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”.
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.
Want to see what other hedge funds are holding GCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gannett (NYSE:GCI).
Receive News & Ratings for Gannett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gannett and related companies with MarketBeat.com's FREE daily email newsletter.