Gannett Co., Inc. (NYSE:GCI) has received an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company.

Several equities analysts have recently commented on GCI shares. Zacks Investment Research raised shares of Gannett Co. from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub downgraded shares of Gannett Co. from a “buy” rating to a “hold” rating in a report on Monday, August 7th. TheStreet raised shares of Gannett Co. from a “d” rating to a “c-” rating in a report on Friday, June 23rd. Finally, ValuEngine raised shares of Gannett Co. from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

Gannett Co. (GCI) traded down 0.63% during mid-day trading on Friday, reaching $9.48. 589,174 shares of the company were exchanged. The stock’s market capitalization is $1.08 billion. The stock has a 50 day moving average of $8.82 and a 200-day moving average of $8.82. Gannett Co. has a one year low of $7.30 and a one year high of $10.88.

Gannett Co. (NYSE:GCI) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Gannett Co. had a negative net margin of 0.07% and a positive return on equity of 11.30%. The firm had revenue of $774.50 million for the quarter, compared to analysts’ expectations of $783.06 million. During the same period in the prior year, the firm earned $0.30 EPS. Gannett Co.’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts expect that Gannett Co. will post $0.98 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.75%. The ex-dividend date was Wednesday, August 30th. Gannett Co.’s dividend payout ratio (DPR) is presently -3,200.00%.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Gannett Co. by 22.7% in the second quarter. Public Employees Retirement System of Ohio now owns 32,715 shares of the company’s stock worth $285,000 after buying an additional 6,053 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Gannett Co. in the second quarter worth $127,000. Verition Fund Management LLC purchased a new position in shares of Gannett Co. in the second quarter worth $219,000. National Asset Management Inc. lifted its holdings in shares of Gannett Co. by 1.9% in the second quarter. National Asset Management Inc. now owns 19,029 shares of the company’s stock worth $167,000 after buying an additional 356 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Gannett Co. in the second quarter worth $214,000. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

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About Gannett Co.

Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.

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