Gannett Co., Inc. (NYSE:GCI) Holdings Raised by Mackenzie Financial Corp

Mackenzie Financial Corp grew its stake in shares of Gannett Co., Inc. (NYSE:GCI) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,186 shares of the company’s stock after acquiring an additional 4,562 shares during the period. Mackenzie Financial Corp owned 0.06% of Gannett worth $201,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC acquired a new stake in Gannett during the third quarter valued at $25,000. Principal Financial Group Inc. lifted its holdings in shares of Gannett by 39.3% during the 3rd quarter. Principal Financial Group Inc. now owns 21,258 shares of the company’s stock valued at $52,000 after buying an additional 5,997 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Gannett during the 3rd quarter valued at about $69,000. Numerai GP LLC acquired a new position in Gannett in the third quarter worth approximately $77,000. Finally, Quadrature Capital Ltd increased its stake in shares of Gannett by 285.4% during the 3rd quarter. Quadrature Capital Ltd now owns 62,654 shares of the company’s stock worth $154,000 after purchasing an additional 46,396 shares during the last quarter. 76.71% of the stock is owned by institutional investors and hedge funds.

Gannett Stock Down 5.8 %

Shares of GCI stock opened at $2.43 on Tuesday. Gannett Co., Inc. has a twelve month low of $1.62 and a twelve month high of $3.60. The company has a market capitalization of $358.54 million, a price-to-earnings ratio of -12.15 and a beta of 2.33. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.78 and a current ratio of 0.83. The stock’s 50 day simple moving average is $2.27 and its 200 day simple moving average is $2.26.

Gannett (NYSE:GCI) last released its earnings results on Thursday, February 22nd. The company reported ($0.13) EPS for the quarter. Gannett had a negative net margin of 1.04% and a negative return on equity of 12.70%. The company had revenue of $669.41 million for the quarter.

Gannett Profile

Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.