Gannett Co Inc. (NYSE: GCI) is 97.83% higher on its value in year-to-date trading and has touched a low of $1.66 and a high of $5.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GCI stock was last observed hovering at around $4.47 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $4.55, the stock is -7.38% and -4.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 1.79% at the moment leaves the stock 40.56% off its SMA200. GCI registered 66.67% gain for a year compared to 6-month gain of 129.80%.
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The stock witnessed a 2.25% loss in the last 1 month and extending the period to 3 months gives it a 3.41%, and is -0.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.53% over the week and 5.24% over the month.
Gannett Co Inc. (GCI) has around 12800 employees, a market worth around $671.58M and $2.60B in sales. Profit margin for the company is -3.71%. Distance from 52-week low is 174.10% and -22.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.95%).
with sales reaching $633.85M over the same period.The EPS is expected to shrink by -95.00% this year, but quarterly earnings will post -3.40% year-over-year. Quarterly sales are estimated to shrink -2.90% in year-over-year returns.
Gannett Co Inc. (GCI) Top Institutional Holders
215.0 institutions hold shares in Gannett Co Inc. (GCI), with institutional investors hold 82.60% of the company’s shares. The shares outstanding are 148.94M, and float is at 119.55M with Short Float at 11.67%. Institutions hold 74.78% of the Float.
The top institutional shareholder in the company is APOLLO MANAGEMENT HOLDINGS, L.P. with over 13.17 million shares valued at $60.69 million. The investor’s holdings represent 9.3524% of the GCI Shares outstanding. As of 2024-06-30, the second largest holder is ALTA FUNDAMENTAL ADVISERS LLC with 13.15 million shares valued at $60.61 million to account for 9.3387 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.49 million shares representing 7.4535% and valued at over $48.37 million, while VANGUARD GROUP INC holds 5.7037 of the shares totaling 8.03 million with a market value of $37.01 million.
Gannett Co Inc. (GCI) Insider Activity
The most recent transaction is an insider purchase by Tarica Laurence, the company’s Director. SEC filings show that Tarica Laurence bought 200,000 shares of the company’s common stock on Nov 16 ’23 at a price of $1.85 per share for a total of $0.37 million. Following the purchase, the insider now owns 1.01 million shares.
Gannett Co Inc. disclosed in a document filed with the SEC on Nov 06 ’23 that Reed Michael (Chief Executive Officer) bought a total of 60,000 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $2.01 per share for $0.12 million. Following the transaction, the insider now directly holds 3.3 million shares of the GCI stock.
