Gannett Co Inc (NYSE:GCI) has a beta value of 2.55 and has seen 1.25 million shares traded in the last trading session. The company, currently valued at $732.63M, closed the last trade at $4.97 per share which meant it gained $0.1 on the day or 2.05% during that session. The GCI stock price is -19.32% off its 52-week high price of $5.93 and 63.78% above the 52-week low of $1.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.9 million shares traded. The 3-month trading volume is 1.73 million shares.
The consensus among analysts is that Gannett Co Inc (GCI) is Buy stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.03.
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Gannett Co Inc (NYSE:GCI) trade information
Sporting 2.05% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GCI stock price touched $4.97 or saw a rise of 15.91%. Year-to-date, Gannett Co Inc shares have moved 116.09%, while the 5-day performance has seen it change -12.50%. Over the past 30 days, the shares of Gannett Co Inc (NYSE:GCI) have changed -9.64%. Short interest in the company has seen 14.58 million shares shorted with days to cover at 8.58.
Wall Street analysts have a consensus price target for the stock at $5.55, which means that the shares’ value could jump 10.45% from current levels. The projected low price target is $5.1 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -20.72% off the targeted high while a plunge would see the stock gain -2.62% from current levels.
Gannett Co Inc (GCI) estimates and forecasts
The company’s shares have gained 54.83% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.70%.
4 analysts offering their estimates for the company have set an average revenue estimate of 659.66M for the current quarter. 3 have an estimated revenue figure of 637.72M for the next ending quarter. Year-ago sales stood 669.4M and 625.3M respectively for this quarter and the next, and analysts expect sales will shrink by -1.50% for the current quarter and -3.70% for the next.
GCI Dividends
Gannett Co Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Gannett Co Inc (NYSE:GCI)’s Major holders
Insiders own 5.00% of the company shares, while shares held by institutions stand at 75.14% with a share float percentage of 79.10%. Investors are also buoyed by the number of investors in a company, with Gannett Co Inc having a total of 222.0 institutions that hold shares in the company. The top two institutional holders are APOLLO MANAGEMENT HOLDINGS, L.P. with over 13.17 million shares worth more than $60.69 million. As of 2024-06-30, APOLLO MANAGEMENT HOLDINGS, L.P. held 9.3524% of shares outstanding.
The other major institutional holder is ALTA FUNDAMENTAL ADVISERS LLC, with the holding of over 13.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $60.61 million and represent 9.3387% of shares outstanding.
