Gannett (NYSE:GCI) Trading Down 5.9% - Here's Why

Gannett Co., Inc. (NYSE:GCI - Get Free Report)'s share price traded down 5.9% during trading on Friday . The company traded as low as $4.60 and last traded at $4.5850. 605,530 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,677,400 shares. The stock had previously closed at $4.87.Analysts Set New Price TargetsA number of analysts have weighed in on GCI shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Gannett in a report on Thursday. Citigroup upped their target price on shares of Gannett from $4.30 to $5.10 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Wall Street Zen downgraded Gannett from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.55.Get Our Latest Research Report on GannettGannett Trading Down 3.9%The firm has a market capitalization of $688.62 million, a PE ratio of 22.29 and a beta of 2.55. The firm's fifty day moving average is $4.26 and its two-hundred day moving average is $3.90. The company has a debt-to-equity ratio of 4.66, a current ratio of 0.69 and a quick ratio of 0.67. Gannett (NYSE:GCI - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm had revenue of $560.80 million during the quarter, compared to analysts' expectations of $575.58 million. Gannett had a net margin of 4.11% and a return on equity of 42.98%. Institutional Trading of GannettA number of large investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda bought a new stake in Gannett in the third quarter worth about $44,000. Principal Financial Group Inc. purchased a new stake in shares of Gannett during the 3rd quarter worth approximately $45,000. Russell Investments Group Ltd. raised its holdings in shares of Gannett by 1,130.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company's stock worth $53,000 after purchasing an additional 11,713 shares during the period. Caprock Group LLC purchased a new position in Gannett in the third quarter valued at approximately $53,000. Finally, Savant Capital LLC bought a new position in Gannett during the second quarter valued at $50,000. Hedge funds and other institutional investors own 76.71% of the company's stock. About Gannett (Get Free Report)Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.Featured ArticlesFive stocks we like better than GannettThe Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberJefferies Tells NVIDIA to Step Aside, Picks Broadcom as Top Semiconductor StockAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?Fiserv Has NEVER Done This Before—Is It a Screaming Buy?How to Use the MarketBeat Excel Dividend CalculatorEli Lilly Strikes Deal With Trump: Why Shares Are Up 10% SinceThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Gannett Right Now?Before you consider Gannett, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gannett wasn't on the list.While Gannett currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here