Today’s Stock On Watch: Gannett Co Inc (NYSE:GCI): Institutional Investors Aren’t Crazy About It

November 28, 2016 - By Richard Conner   ·   0 Comments

Today's Stock On Watch: Gannett Co Inc (NYSE:GCI): Institutional Investors Aren't Crazy About It

Sentiment for Gannett Co Inc (NYSE:GCI)

Gannett Co Inc (NYSE:GCI) institutional sentiment decreased to 0 in Q2 2016. Its down -1.50, from 1.5 in 2016Q1. The ratio turned negative, as 3 institutional investors opened new or increased positions, while 2 sold and reduced their stock positions in Gannett Co Inc. The institutional investors in our partner’s database reported: 157,915 shares, down from 287,452 shares in 2016Q1. Also, the number of institutional investors holding Gannett Co Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 1 Increased: 1 New Position: 2.

Gannett Co., Inc. is an international, multi-platform news and information company. The company has a market cap of $1.15 billion. The Firm is a local content well-known provider in the United States, operating in over 30 states and Guam. It has a 29.51 P/E ratio. The Company’s activities comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom.

About 241,438 shares traded hands. Gannett Co Inc (NYSE:GCI) has declined 41.69% since April 25, 2016 and is downtrending. It has underperformed by 47.71% the S&P500.

Analysts await Gannett Co Inc (NYSE:GCI) to report earnings on February, 15. They expect $0.37 EPS, down 30.19% or $0.16 from last year’s $0.53 per share. GCI’s profit will be $43.64 million for 6.59 P/E if the $0.37 EPS becomes a reality. After $0.06 actual EPS reported by Gannett Co Inc for the previous quarter, Wall Street now forecasts 516.67% EPS growth.

According to Zacks Investment Research, “Gannett owns the publishing assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA (Ticker: TGNA) and a publishing company called Gannett. The new Gannett owns the USA Today and a host of other media assets.”

Marshwinds Advisory Co holds 0.14% of its portfolio in Gannett Co Inc for 12,836 shares. Mutual Of Omaha Bank Wealth Management owns 8,245 shares or 0.08% of their US portfolio. Moreover, Covington Capital Management has 0.06% invested in the company for 48,009 shares. The Alabama-based Leavell Investment Management Inc. has invested 0.03% in the stock. Gulf International Bank (Uk) Ltd, a United Kingdom-based fund reported 63,910 shares.#img1#

Gannett Co Inc (NYSE:GCI) Ratings Coverage

Ratings analysis reveals 50% of Gannett’s analysts are positive. Out of 6 Wall Street analysts rating Gannett, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $12 while the high is $20. The stock’s average target of $16 is 64.10% above today’s ($9.75) share price. GCI was included in 10 notes of analysts from September 1, 2015. The stock of Gannett Co Inc (NYSE:GCI) has “Hold” rating given on Tuesday, September 1 by Zacks. The stock of Gannett Co Inc (NYSE:GCI) has “Neutral” rating given on Monday, November 2 by JP Morgan. The stock of Gannett Co Inc (NYSE:GCI) has “Hold” rating given on Monday, July 11 by Jefferies. Cantor Fitzgerald initiated the stock with “Buy” rating in Wednesday, October 7 report. Noble Financial maintained the shares of GCI in a report on Wednesday, November 2 with “Buy” rating. The rating was maintained by on Monday, October 10 with “Hold”. The firm has “Hold” rating given on Friday, September 4 by Argus Research. As per Tuesday, September 8, the company rating was initiated by Argus Research. Argus Research upgraded the shares of GCI in a report on Thursday, November 5 to “Buy” rating.

GCI Company Profile

Gannett Co., Inc., incorporated on November 21, 2014, is an international, multi-platform news and information company. The Firm is a local content well-known provider in the United States, operating in over 30 states and Guam. The Company’s activities comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom. The Company’s daily publications in the United States include USA TODAY. Together with over 20 daily paid-for publications, its Newsquest division operates in the United Kingdom. In the markets it serves, the Company also operates desktop, smartphone and tablet products, which are integrated with publishing operations. The Company’s activities also include commercial printing, marketing and data services operations.

Another recent and important Gannett Co Inc (NYSE:GCI) news was published by Reuters.com which published an article titled: “REFILE-BRIEF-Gannett Co Inc terminates discussions to acquire Tronc Inc” on November 01, 2016.

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By Richard Conner


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