In yesterday’s Wall Street session, Gannett Co. Inc. (NYSE:GCI) shares traded at $2.28, up 1.33% from the previous session.
As of this writing, 2 analysts cover Gannett Co. Inc. (NYSE:GCI). The consensus rating among analysts is ‘Sell’. As we calculate the median target price by taking the range between a high of $2.50 and a low of $1.80, we find $2.15. Given the previous closing price of $2.25, this indicates a potential downside of -4.44 percent. GCI stock price is now 11.94% away from the 50-day moving average and 9.90% away from the 200-day moving average. The market capitalization of the company currently stands at $339.70M.
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Brokers who have rated the stock have averaged $2.15 as their price target over the next twelve months.
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 $1.72 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 $4.19 million. Insiders disposed of 579,059 shares of company stock worth roughly $1.32 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 ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $173,000. SG AMERICAS SECURITIES, LLC invested $172,000 in shares of GCI during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Gannett Co. Inc. valued at approximately $151,000. SHAY CAPITAL LLC acquired a new stake in GCI for approximately $111,000. BOULDER HILL CAPITAL MANAGEMENT LP purchased a new stake in GCI valued at around $105,000 in the second quarter. In total, there are 218 active investors with 69.60% ownership of the company’s stock.
Monday morning saw Gannett Co. Inc. (NYSE: GCI) opened at $2.2600. During the past 12 months, Gannett Co. Inc. has had a low of $1.25 and a high of $3.24. As of last week, the company has a debt-to-equity ratio of 3.52, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for GCI is $2.0368 and a two-hundred day moving average price translates $2.0747 for the stock.
The latest earnings results from Gannett Co. Inc. (NYSE: GCI) was released for Mar, 2023. According to the Publishing Company, earnings per share came in at -$0.05, beating analysts’ expectations of -$0.06 by 0.01. This compares to -$0.02 EPS in the same period last year. The net profit margin was -2.30% and return on equity was -18.60% for GCI. The company reported revenue of $668.92 million for the quarter, compared to $748.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.58 percent. For the current quarter, analysts expect GCI to generate $686.7M 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.
