Gannett Co Inc (NYSE: GCI) is 137.39% higher on its value in year-to-date trading and has touched a low of $1.80 and a high of $5.93 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 $5.29 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $5.46, the stock is 1.37% and 3.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 3.21% at the moment leaves the stock 41.19% off its SMA200. GCI registered 180.00% gain for a year compared to 6-month gain of 65.96%. The firm has a 50-day simple moving average (SMA 50) of $5.2688 and a 200-day simple moving average (SMA200) of $3.85235.
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The stock witnessed a -4.38% loss in the last 1 month and extending the period to 3 months gives it a 26.98%, and is 16.42% up 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 5.95% over the week and 5.49% over the month.
Gannett Co Inc (GCI) has around 12800 employees, a market worth around $804.86M and $2.56B in sales. Profit margin for the company is -4.44%. Distance from 52-week low is 203.33% and -7.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.42%).
The EPS is expected to shrink by -105.27% this year
222.0 institutions hold shares in Gannett Co Inc (GCI), with institutional investors hold 78.94% of the company’s shares. The shares outstanding are 148.94M, and float is at 119.35M with Short Float at 12.22%. Institutions hold 74.99% 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 50,000 shares of the company’s common stock on Sep 13 ’24 at a price of $4.50 per share for a total of $0.23 million. Following the purchase, the insider now owns 1.09 million shares.
Gannett Co Inc disclosed in a document filed with the SEC on Nov 16 ’23 that Tarica Laurence (Director) bought a total of 200,000 shares of the company’s common stock. The trade occurred on Nov 16 ’23 and was made at $1.85 per share for $0.37 million. Following the transaction, the insider now directly holds 1.01 million shares of the GCI stock.
