The stock of Gannett Co. Inc. (NYSE:GCI) last traded at $1.91, down -7.73% from the previous session.
Data from the available sources indicates that Gannett Co. Inc. (NYSE:GCI) is covered by 2 analysts. The consensus rating among analysts is ‘Sell’. As we calculate the median target price by taking the range between a high of $2.10 and a low of $2.00, we find $2.05. Given the previous closing price of $2.07, this indicates a potential downside of -0.97 percent. GCI stock price is now -4.77% away from the 50-day moving average and -33.03% away from the 200-day moving average. The market capitalization of the company currently stands at $277.68M.
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Brokers who have rated the stock have averaged $2.05 as their price target over the next twelve months.
, while ‘JP Morgan’ rates the stock as ‘Underweight’.
In other news, Tarica Laurence, Director bought 100,000 shares of the company’s stock on Dec 14. The stock was bought for $225,000 at an average price of $2.25. Upon completion of the transaction, the Director now directly owns 753,244 shares in the company, valued at $1.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, Chief Executive Officer Reed Michael bought 500,000 shares of the business’s stock. A total of $1,220,000 was incurred on buying the stock at an average price of $2.44. This leaves the insider owning 1,836,335 shares of the company worth $3.51 million. Insiders disposed of 81,801 shares of company stock worth roughly $0.16 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GCI stock. A new stake in Gannett Co. Inc. shares was purchased by CANDRIAM S.C.A. during the first quarter worth $549,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $328,000 in shares of GCI during the first quarter. In the first quarter, BNP PARIBAS ARBITRAGE, SNC acquired a new stake in Gannett Co. Inc. valued at approximately $144,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in GCI for approximately $121,000. COUNTERPOINT MUTUAL FUNDS LLC purchased a new stake in GCI valued at around $110,000 in the second quarter. In total, there are 248 active investors with 69.60% ownership of the company’s stock.
With an opening price of $2.0600 on Wednesday morning, Gannett Co. Inc. (NYSE: GCI) set off the trading day. During the past 12 months, Gannett Co. Inc. has had a low of $1.25 and a high of $6.38. As of last week, the company has a debt-to-equity ratio of 3.84, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for GCI is $2.0056 and a two-hundred day moving average price translates $2.8522 for the stock.
The latest earnings results from Gannett Co. Inc. (NYSE: GCI) was released for Jun, 2022. According to the Publishing Company, earnings per share came in at -$0.13, missing analysts’ expectations of $0.03 by -0.16. This compares to $0.06 EPS in the same period last year. The net profit margin was -4.40% and return on equity was -29.30% for GCI. The company reported revenue of $717.9 million for the quarter, compared to $800.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.28 percent. For the current quarter, analysts expect GCI to generate $745.5M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/12/2019. Investors who held shares on 11/01/2019 were paid a $0.16 dividend.
Gannett Co. Inc.(GCI) Company Profile
Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through two segments, Publishing and Digital Marketing Solutions. The company’s principal products include 230 daily print media with total paid circulation of approximately 1.9 million and Sunday circulation of 2.2 million; 249 weekly print media with total circulation of approximately 1.4 million; and 292 locally-focused websites. Its principal products also comprise 123 daily and weekly news media brands and approximately 80 magazines, and related digital platforms; sports network, as well as Reviewed.com, an affiliate marketing service; and USA TODAY NETWORK, a community events platform. The company also offers digital marketing solutions, such as online presence solutions, online advertising products, conversion software, and cloud-based software solutions. In addition, it produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, the company offers local market news and information, as well as advertising and subscriptions, and commercial printing and distribution services; and prints commercial materials, including flyers, business cards, and invitations. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019. Gannett Co., Inc. was incorporated in 2013 and is headquartered in McLean, Virginia.
