In today’s recent session, 0.79 million shares of the Gannett Co Inc. (NYSE:GCI) have been traded, and its beta is 2.48. Most recently the company’s share price was $5.45, and it changed around $0.56 or 11.45% from the last close, which brings the market valuation of the company to $804.42M. GCI at last check was trading at a discount to its 52-week high of $5.09, offering almost 6.61% off that amount. The share price’s 52-week low was $1.66, which indicates that the recent value has risen by an impressive 69.54% since then. We note from Gannett Co Inc.’s average daily trading volume that its 10-day average is 1.71 million shares, with the 3-month average coming to 1.46 million.

Gannett Co Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended GCI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Gannett Co Inc. is expected to report earnings per share of -0.1 for the current quarter.

Gannett Co Inc. (NYSE:GCI) trade information

Instantly GCI has been showing a green trend so far today with a performance of 11.45% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.26 on recent trading daydecreased the stock’s daily price by -3.61%. The company’s shares are currently up 136.96% year-to-date, but still up 10.10% over the last five days. On the other hand, Gannett Co Inc. (NYSE:GCI) is 12.60% up in the 30-day period. We can see from the shorts that 17.68 million shares have been sold at a short interest cover period of 15.37 day(s).

The consensus price target as assigned by Wall Street analysts is $4.33, which translates to bulls needing to decrease their stock price by -25.87% from its current value. Analyst projections state that GCI is forecast to be at a low of $2.65 and a high of $6.

Gannett Co Inc. (GCI) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -400.00% in revenue this quarter, and will report an increase of 106.20% in the next quarter. The year-over-year growth rate is expected to be -3.40%, down from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 633.53M in revenue for the current quarter. 3 analysts expect Gannett Co Inc. to make 663.41M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 652.87M and 669.4M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.00%. Forecasts for the next quarter put sales growth at -0.90%.

GCI Dividends

Gannett Co Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-31. The average dividend yield for the past five years averaged 18.87 per year.

Gannett Co Inc. (NYSE:GCI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 9.46% of Gannett Co Inc. shares, and 74.76% of them are in the hands of institutional investors. The stock currently has a share float of 82.57%. Gannett Co Inc. stock is held by 214.0 institutions, with APOLLO MANAGEMENT HOLDINGS, L.P. being the largest institutional investor. By 2024-06-30, it held 9.3524% of the shares, which is about 13.17 million shares worth $60.69 million.

ALTA FUNDAMENTAL ADVISERS LLC, with 9.3387% or 13.15 million shares worth $60.61 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 31, 2024. The former held 4.45 shares worth $24.68 million, making up 3.01% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.48 shares worth around $19.3 million, which represents about 2.36% of the total shares outstanding.