Gannett Co Inc (NYSE: GCI) is -9.49% lower on its value in year-to-date trading and has touched a low of $1.95 and a high of $5.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GCI stock was last observed hovering at around $4.59 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $4.58, the stock is -7.14% and -10.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -0.22% at the moment leaves the stock -1.38% off its SMA200. GCI registered 76.83% gain for a year compared to 6-month gain of -3.58%. The firm has a 50-day simple moving average (SMA 50) of $5.1068 and a 200-day simple moving average (SMA200) of $4.63335.
The stock witnessed a -10.02% loss in the last 1 month and extending the period to 3 months gives it a -18.07%, and is -3.78% 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 4.04% over the week and 4.50% over the month.
Gannett Co Inc (GCI) has around 12800 employees, a market worth around $675.14M and $2.56B in sales. Profit margin for the company is -4.44%. Distance from 52-week low is 135.48% and -22.77% 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 -156.23% this year
248.0 institutions hold shares in Gannett Co Inc (GCI), with institutional investors hold 83.61% of the company’s shares. The shares outstanding are 147.43M, and float is at 120.34M with Short Float at 10.79%. Institutions hold 79.48% 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.
