Gannett Co. (GCI) Director John Jeffry Louis Purchases 28,000 Shares of Stock
Gannett Co. (NYSE:GCI) Director John Jeffry Louis acquired 28,000 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was bought at an average price of $8.96 per share, for a total transaction of $250,880.00. Following the purchase, the director now owns 141,970 shares in the company, valued at approximately $1,272,051.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
John Jeffry Louis also recently made the following trade(s):
- On Thursday, November 3rd, John Jeffry Louis acquired 33,600 shares of Gannett stock. The stock was bought at an average price of $7.56 per share, for a total transaction of $254,016.00.
Gannett Co. (NYSE:GCI) opened at 9.71 on Tuesday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 29.16 and a beta of 0.38. Gannett Co. has a 52 week low of $7.30 and a 52 week high of $17.91. The stock’s 50 day moving average is $10.15 and its 200 day moving average is $12.91.
Gannett (NYSE:GCI) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.17 by $0.11. Gannett had a return on equity of 13.08% and a net margin of 1.36%. The business had revenue of $772.30 million for the quarter, compared to analyst estimates of $752.06 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Gannett Co. will post $0.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Thursday, December 1st. Gannett’s dividend payout ratio is 200.01%.
GCI has been the topic of several research reports. Zacks Investment Research lowered shares of Gannett from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Jefferies Group dropped their price objective on shares of Gannett from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, July 28th. Finally, Noble Financial dropped their price objective on shares of Gannett from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd.
Several large investors have recently modified their holdings of GCI. BlackRock Inc. boosted its stake in shares of Gannett by 232.0% in the first quarter. BlackRock Inc. now owns 16,468 shares of the company’s stock valued at $250,000 after buying an additional 11,508 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Gannett by 3.3% in the first quarter. BlackRock Group LTD now owns 144,345 shares of the company’s stock worth $2,185,000 after buying an additional 4,588 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gannett by 22.0% in the first quarter. JPMorgan Chase & Co. now owns 388,209 shares of the company’s stock worth $5,877,000 after buying an additional 70,106 shares in the last quarter. UBS Group AG boosted its position in shares of Gannett by 76.8% in the first quarter. UBS Group AG now owns 209,647 shares of the company’s stock worth $3,175,000 after buying an additional 91,077 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Gannett by 22.8% in the first quarter. Nuveen Asset Management LLC now owns 645,479 shares of the company’s stock worth $9,773,000 after buying an additional 119,800 shares in the last quarter. Institutional investors own 87.20% of the company’s stock.
Gannett Co, Inc is an international, multi-platform news and information company. The Company is a local content provider in the United States, operating in over 30 states and Guam. Its operations 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.
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