Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Gannett Co Inc (NYSE:GCI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 111,600 shares of the company’s stock, valued at approximately $1,194,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.10% of Gannett as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sun Life Financial INC bought a new position in Gannett in the 2nd quarter worth about $215,000. Sei Investments Co. boosted its holdings in shares of Gannett by 16.3% in the second quarter. Sei Investments Co. now owns 38,186 shares of the company’s stock valued at $409,000 after acquiring an additional 5,343 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Gannett in the second quarter valued at approximately $363,000. Dimensional Fund Advisors LP boosted its holdings in shares of Gannett by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 9,223,937 shares of the company’s stock valued at $98,696,000 after acquiring an additional 829,856 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Gannett by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,858,863 shares of the company’s stock valued at $19,890,000 after acquiring an additional 9,952 shares in the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.

NYSE:GCI traded down $0.05 during trading hours on Friday, reaching $9.53. 1,058,415 shares of the company’s stock were exchanged, compared to its average volume of 1,131,376. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.25 and a beta of 0.91. Gannett Co Inc has a 12 month low of $8.42 and a 12 month high of $12.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.22 and a current ratio of 1.22.

Gannett (NYSE:GCI) last issued its earnings results on Thursday, August 9th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. The firm had revenue of $730.77 million during the quarter, compared to analysts’ expectations of $739.17 million. Gannett had a net margin of 0.83% and a return on equity of 13.14%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, sell-side analysts expect that Gannett Co Inc will post 1.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 24th. Investors of record on Monday, September 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date was Friday, September 7th. Gannett’s payout ratio is 62.14%.

GCI has been the subject of several recent analyst reports. Noble Financial set a $15.00 price objective on shares of Gannett and gave the company a “buy” rating in a report on Tuesday, August 28th. ValuEngine cut shares of Gannett from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. JPMorgan Chase & Co. cut shares of Gannett from a “neutral” rating to an “underweight” rating and set a $10.00 price objective for the company. in a report on Friday, July 6th. Finally, TheStreet upgraded shares of Gannett from a “c” rating to a “b-” rating in a report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.50.

In related news, CMO Andrew T. Yost sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $10.31, for a total value of $36,085.00. Following the completion of the sale, the chief marketing officer now owns 3,534 shares in the company, valued at approximately $36,435.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew T. Yost sold 5,175 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $10.39, for a total transaction of $53,768.25. Following the completion of the sale, the insider now owns 7,034 shares of the company’s stock, valued at approximately $73,083.26. The disclosure for this sale can be found here. Insiders have sold 9,012 shares of company stock valued at $93,318 over the last 90 days. 1.06% of the stock is currently owned by insiders.

Gannett Company Profile

Gannett Co, Inc operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. The company offers print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 170 news brands and 80 magazines in the United Kingdom.

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Institutional Ownership by Quarter for Gannett (NYSE:GCI)

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