GannettGCI
Market Cap: 714M
About: Gannett Co Inc is a digital newspaper company providing local media and marketing solutions in the U.S. The group operates in three segments, Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The majority of revenue is from the Domestic Gannett Media segment. The company's brands include USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream, and others. The company produces more than 350 annual events, such as themed expos. The company also operates in the U.K. through the U.K. media company Newsquest, providing more than 150 local media brands.
Employees: 12,800
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 2 (+1) [Q1 2024]
7% more capital invested
Capital invested by funds: $235M [Q4 2023] → $251M (+$15.5M) [Q1 2024]
0.35% more ownership
Funds ownership: 68.74% [Q4 2023] → 69.09% (+0.35%) [Q1 2024]
4% less funds holding
Funds holding: 149 [Q4 2023] → 143 (-6) [Q1 2024]
21% less call options, than puts
Call options by funds: $161K | Put options by funds: $205K
24% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 25
36% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 56
Research analyst outlook
2 Wall Street Analysts provided 1 year price forecasts over the past 6 months
2 analyst ratings
JMP Securities Matthew Condon | 24%upside $6 | Market Outperform Initiated | 1 Jul 2024 |
Citigroup Jason Bazinet | 26%downside $3.6 | Neutral Upgraded | 24 May 2024 |
Financial journalist opinion
Based on 4 articles about GCI published over the past 30 days