Tue Oct 01 08:46:53 UTC 2024: ## Institutional Investors Show Interest in Gannett Co., Inc.

**New York, NY (October 1, 2024)** – Gannett Co., Inc. (NYSE: GCI) saw significant activity from institutional investors in the second quarter, with several new positions taken and existing positions adjusted.

**Dark Forest Capital Management LP** initiated a new position in Gannett, acquiring 12,327 shares valued at approximately $57,000.

Other notable investors include:

* **Troluce Capital Advisors LLC** acquired a new stake worth $8,659,000.
* **Squarepoint Ops LLC** dramatically increased its holdings by 1,200.4%, now owning 254,545 shares valued at $1,173,000.
* **Cubist Systematic Strategies LLC** saw a 36,203.8% increase in its position, holding 259,935 shares worth $1,198,000.
* **Murchinson Ltd.** entered a new position worth $1,585,000.
* **Marshall Wace LLP** boosted its stake by 90.8%, now owning 220,206 shares valued at $1,015,000.

Institutional investors now hold 76.71% of Gannett’s stock.

Gannett shares opened at $5.62 on Tuesday, with a 50-day moving average of $4.90 and a 200-day moving average of $3.97. The company’s current ratio is 0.79, quick ratio is 0.75, and debt-to-equity ratio is 3.83. Gannett has a market capitalization of $829.22 million, a PE ratio of -6.46, and a beta of 2.48.

Analysts have offered mixed opinions on Gannett. Citigroup upgraded the stock to “neutral” with a $5.10 target price, while JMP Securities upgraded the stock to “strong-buy.”

Gannett Co., Inc. operates as a media and marketing solutions company in the United States, offering print and digital services through its three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions.

The recent activity from institutional investors suggests a renewed interest in Gannett’s potential, although further analysis is required to understand the long-term implications for the company.

Read More