Rex Capital Advisors Lowers stake in Gannett Co Inc (GCI)

Gannett Co Inc (GCI) : Rex Capital Advisors reduced its stake in Gannett Co Inc by 40.97% during the most recent quarter end. The investment management company now holds a total of 11,237 shares of Gannett Co Inc which is valued at $130,911 after selling 7,799 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 0.13% of Rex Capital Advisors’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board reduced its stake in GCI by selling 78,773 shares or 36.16% in the most recent quarter. The Hedge Fund company now holds 139,100 shares of GCI which is valued at $1,620,515. Gannett Co Inc makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.Tower Research Capital (trc) boosted its stake in GCI in the latest quarter, The investment management firm added 2,365 additional shares and now holds a total of 7,794 shares of Gannett Co Inc which is valued at $90,800. Gannett Co Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Matarin Capital Management sold out all of its stake in GCI during the most recent quarter. The investment firm sold 168,847 shares of GCI which is valued $1,967,068.Signaturefd boosted its stake in GCI in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 919 shares of Gannett Co Inc which is valued at $11,726.New York State Teachers Retirement System boosted its stake in GCI in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 284,054 shares of Gannett Co Inc which is valued at $4,039,248. Gannett Co Inc makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.

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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