Twin Focus Capital Partners Lowers stake in Gannett Co Inc (GCI)

Gannett Co Inc (GCI) : Twin Focus Capital Partners reduced its stake in Gannett Co Inc by 0.52% during the most recent quarter end. The investment management company now holds a total of 18,575 shares of Gannett Co Inc which is valued at $216,399 after selling 98 shares in Gannett Co Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Gannett Co Inc makes up approximately 0.16% of Twin Focus Capital Partners’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors boosted its stake in GCI in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 5,577 shares of Gannett Co Inc which is valued at $64,916. Gannett Co Inc makes up approx 0.03% of Tci Wealth Advisors’s portfolio.Great West Life Assurance Co Can boosted its stake in GCI in the latest quarter, The investment management firm added 137,898 additional shares and now holds a total of 149,113 shares of Gannett Co Inc which is valued at $1,790,847. Gannett Co Inc makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio. Ibm Retirement Fund sold out all of its stake in GCI during the most recent quarter. The investment firm sold 11,544 shares of GCI which is valued $164,156.

Gannett Co Inc opened for trading at $12.2 and hit $12.335 on the upside on Tuesday, eventually ending the session at $12.21, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 5,14,203 shares. Company has a market cap of $1,423 M.

On the company’s financial health, Gannett Co Inc reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.31. The company had revenue of $748.79 million for the quarter, compared to analysts expectations of $775.78 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Investors should note that on Jul 19, 2016, Gannett Co Inc announced a cash dividend of $0.1600. The company’s management has announced Sep 1, 2016 as the ex-dividend date and fixed the record date on Sep 6, 2016. The payable date has been fixed on Sep 19, 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.

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