Gannett Co Inc (GCI) : Moneta Group Investment Advisors added new position in Gannett Co Inc during the most recent quarter end. The investment management firm now holds 139,150 shares of Gannett Co Inc which is valued at $2.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.Gannett Co Inc makes up approximately 0.49% of Moneta Group Investment Advisors’s portfolio.
Other Hedge Funds, Including , Fairpointe Capital sold out all of its stake in GCI during the most recent quarter. The investment firm sold 872,968 shares of GCI which is valued $13.6 Million.Hanson Doremus Investment Management reduced its stake in GCI by selling 627 shares or 40.74% in the most recent quarter. The Hedge Fund company now holds 912 shares of GCI which is valued at $14,255. Gannett Co Inc makes up approx 0.01% of Hanson Doremus Investment Management’s portfolio. Trexquant Investment Lp sold out all of its stake in GCI during the most recent quarter. The investment firm sold 36,362 shares of GCI which is valued $568,338.Amalgamated Bank boosted its stake in GCI in the latest quarter, The investment management firm added 1,176 additional shares and now holds a total of 13,200 shares of Gannett Co Inc which is valued at $206,316. Gannett Co Inc makes up approx 0.02% of Amalgamated Bank’s portfolio.Globeflex Capital L P reduced its stake in GCI by selling 45,585 shares or 54.55% in the most recent quarter. The Hedge Fund company now holds 37,987 shares of GCI which is valued at $612,730. Gannett Co Inc makes up approx 0.17% of Globeflex Capital L P’s portfolio.
Gannett Co Inc closed down -0.09 points or -0.57% at $15.83 with 5,10,651 shares getting traded on Wednesday. Post opening the session at $16.08, the shares hit an intraday low of $15.76 and an intraday high of $16.22 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Gannett Co Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.17. The company had revenue of $659.40 million for the quarter, compared to analysts expectations of $672.40 million. The company’s revenue was down -55.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Investors should note that on May 10, 2016, Gannett Co Inc announced a cash dividend of $0.1600. The company’s management has announced Jun 2, 2016 as the ex-dividend date and fixed the record date on Jun 6, 2016. The payable date has been fixed on Jun 20, 2016.
Gannett Co. Inc. formerly Gannett Spinco Inc. is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search social media and Website development among others. The Company offers its services in a range of geographies demographics and content areas. The Company provides consumers with the information and entertainment and connects consumers to their communities through various platforms such as television stations desktop smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. Its Digital business segment includes Cars.com CareerBuilder PointRoll and Shoplocal.