XTX Topco Ltd Has $533,000 Stake in Gannett Co., Inc. (NYSE:GCI)

XTX Topco Ltd boosted its position in Gannett Co., Inc. (NYSE:GCI) by 42.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,913 shares of the company’s stock after purchasing an additional 28,271 shares during the period. XTX Topco Ltd owned 0.06% of Gannett worth $533,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Troluce Capital Advisors LLC acquired a new position in shares of Gannett in the second quarter valued at approximately $8,659,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Gannett by 28.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 5,174,914 shares of the company’s stock worth $23,856,000 after purchasing an additional 1,149,459 shares during the period. Murchinson Ltd. bought a new stake in shares of Gannett in the second quarter worth $2,536,000. Tenzing Global Management LLC acquired a new stake in Gannett in the third quarter valued at $1,686,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Gannett during the 3rd quarter worth $1,489,000. 76.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 price target for the company in a research note on Tuesday, September 17th.

Gannett Stock Down 5.5 %

Shares of NYSE GCI opened at $5.32 on Friday. The company’s 50 day moving average price is $5.34 and its 200-day moving average price is $4.94. Gannett Co., Inc. has a 52-week low of $1.95 and a 52-week high of $5.93. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.74 and a current ratio of 0.79. The company has a market capitalization of $784.22 million, a P/E ratio of -6.57 and a beta of 2.55.

Gannett Company Profile

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.