Kingsview Wealth Management LLC Has $230,000 Stake in Gannett Co., Inc. (NYSE:GCI)

Kingsview Wealth Management LLC lowered its position in Gannett Co., Inc. (NYSE:GCI) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after selling 8,000 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.07% of Gannett worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GCI. Acadian Asset Management LLC increased its holdings in shares of Gannett by 372.8% in the third quarter. Acadian Asset Management LLC now owns 2,340,976 shares of the company’s stock valued at $5,732,000 after purchasing an additional 1,845,888 shares during the last quarter. Apollo Management Holdings L.P. raised its holdings in Gannett by 14.4% in the 3rd quarter. Apollo Management Holdings L.P. now owns 8,594,219 shares of the company’s stock valued at $21,056,000 after acquiring an additional 1,078,841 shares during the period. EAM Investors LLC acquired a new stake in Gannett during the third quarter worth approximately $1,044,000. Silverberg Bernstein Capital Management LLC bought a new stake in shares of Gannett during the fourth quarter worth approximately $934,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Gannett in the third quarter valued at approximately $682,000. Institutional investors own 76.71% of the company’s stock.

Gannett Stock Down 2.3 %

NYSE:GCI opened at $3.40 on Thursday. The stock has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $2.36. Gannett Co., Inc. has a 1-year low of $1.66 and a 1-year high of $3.79. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.79 and a quick ratio of 0.75.

Gannett (NYSE:GCI) last posted its earnings results on Thursday, February 22nd. The company reported ($0.13) earnings per share for the quarter. Gannett had a negative return on equity of 27.67% and a negative net margin of 4.67%. The firm 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.