Gannett Co Inc (NYSE: GCI) is -23.71% lower on its value in year-to-date trading and has touched a low of $2.55 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 $3.8 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $3.7, the stock is 0.01% and 3.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing -2.63% at the moment leaves the stock -12.48% off its SMA200. GCI registered -26.88% loss for a year compared to 6-month loss of -22.27%. The firm has a 50-day simple moving average (SMA 50) of $3.576 and a 200-day simple moving average (SMA200) of $4.2275.
The stock witnessed a 7.25% gain in the last 1 month and extending the period to 3 months gives it a 6.94%, and is 2.21% 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 3.98% over the week and 4.39% over the month.
Gannett Co Inc (GCI) has around 8900 employees, a market worth around $541.82M and $2.45B in sales. Current P/E ratio is 12.13. Profit margin for the company is 2.09%. Distance from 52-week low is 45.10% and -37.61% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
The EPS is expected to shrink by -108.44% this year
242.0 institutions hold shares in Gannett Co Inc (GCI), with institutional investors hold 86.74% of the company’s shares. The shares outstanding are 146.66M, and float is at 119.74M with Short Float at 13.80%. Institutions hold 82.36% 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 9.218 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 9.2045 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.49 million shares representing 7.3463 and valued at over $48.37 million, while VANGUARD GROUP INC holds 5.6217 of the shares totaling 8.03 million with a market value of $37.01 million.
