JMP Securities Reiterates “Market Outperform” Rating for Gannett (NYSE:GCI)

Gannett (NYSE:GCI)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $6.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 28.89% from the company’s previous close.

Gannett Stock Down 2.0 %

GCI stock traded down $0.10 on Monday, reaching $4.66. 155,890 shares of the company traded hands, compared to its average volume of 938,945. The firm has a fifty day simple moving average of $5.13 and a 200-day simple moving average of $5.10. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. Gannett has a one year low of $1.95 and a one year high of $5.93. The company has a market cap of $686.19 million, a P/E ratio of -5.75 and a beta of 2.55.

Institutional Trading of Gannett

Several institutional investors have recently added to or reduced their stakes in the business. Caprock Group LLC boosted its stake in Gannett by 55.6% during the 4th quarter. Caprock Group LLC now owns 35,769 shares of the company’s stock valued at $181,000 after purchasing an additional 12,788 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Gannett during the 4th quarter valued at $108,000. Ritholtz Wealth Management boosted its stake in shares of Gannett by 11.9% in the 4th quarter. Ritholtz Wealth Management now owns 97,067 shares of the company’s stock worth $491,000 after buying an additional 10,332 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Gannett by 471.8% in the 3rd quarter. Principal Financial Group Inc. now owns 79,585 shares of the company’s stock worth $447,000 after buying an additional 65,667 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Gannett by 341.9% in the 3rd quarter. Barclays PLC now owns 218,056 shares of the company’s stock worth $1,224,000 after buying an additional 168,711 shares during the last quarter. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

About Gannett

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.