Gannett Co., Inc. $GCI Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its holdings in Gannett Co., Inc. (NYSE:GCI) by 721.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,520,099 shares of the company’s stock after buying an additional 3,091,333 shares during the period. Nomura Holdings Inc.’s holdings in Gannett were worth $12,602,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Savant Capital LLC acquired a new position in Gannett in the 2nd quarter valued at about $50,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Gannett during the 2nd quarter worth approximately $53,000. MQS Management LLC purchased a new position in shares of Gannett in the 2nd quarter valued at approximately $54,000. Cambiar Investors LLC grew its stake in shares of Gannett by 26.1% in the 1st quarter. Cambiar Investors LLC now owns 17,103 shares of the company’s stock valued at $49,000 after purchasing an additional 3,545 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new position in shares of Gannett in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analysts Set New Price Targets

GCI has been the subject of several recent research reports. Citigroup increased their price target on Gannett from $4.30 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Wall Street Zen downgraded shares of Gannett from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gannett in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.55.

Gannett Stock Down 1.9%

Gannett stock opened at $4.55 on Monday. The stock’s 50 day moving average price is $4.39 and its 200 day moving average price is $4.06. Gannett Co., Inc. has a 1-year low of $2.55 and a 1-year high of $5.69. The company has a market cap of $669.35 million, a PE ratio of 21.67 and a beta of 2.55. The company has a debt-to-equity ratio of 4.66, a current ratio of 0.69 and a quick ratio of 0.67.

Gannett (NYSE:GCI) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $560.80 million during the quarter, compared to analyst estimates of $575.58 million. Gannett had a net margin of 4.11% and a return on equity of 42.98%.

Gannett Profile

Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.