Silverberg Bernstein Capital Management LLC Has $2.58 Million Holdings in Gannett Co., Inc. (NYSE:GCI)

Silverberg Bernstein Capital Management LLC trimmed its position in shares of Gannett Co., Inc. (NYSE:GCI) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 509,433 shares of the company’s stock after selling 5,633 shares during the period. Gannett accounts for approximately 2.3% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Silverberg Bernstein Capital Management LLC’s holdings in Gannett were worth $2,578,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GCI. D. E. Shaw & Co. Inc. increased its holdings in shares of Gannett by 28.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 5,174,914 shares of the company’s stock valued at $23,856,000 after purchasing an additional 1,149,459 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Gannett by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,979,617 shares of the company’s stock worth $22,954,000 after buying an additional 229,539 shares during the period. State Street Corp raised its holdings in Gannett by 3.0% in the 3rd quarter. State Street Corp now owns 4,058,266 shares of the company’s stock valued at $22,807,000 after acquiring an additional 116,716 shares during the period. Troluce Capital Advisors LLC acquired a new stake in Gannett during the second quarter worth approximately $8,659,000. Finally, Millennium Management LLC boosted its holdings in shares of Gannett by 18.9% during the second quarter. Millennium Management LLC now owns 1,118,284 shares of the company’s stock worth $5,155,000 after acquiring an additional 177,446 shares during the period. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price on the stock in a research note on Tuesday, September 17th.

Gannett Trading Up 3.8 %

GCI stock opened at $5.14 on Wednesday. Gannett Co., Inc. has a 52 week low of $1.95 and a 52 week high of $5.93. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79. The company’s 50-day simple moving average is $5.20 and its 200 day simple moving average is $5.09. The company has a market capitalization of $757.69 million, a PE ratio of -6.35 and a beta of 2.55.

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.