Gannett Co Inc (NYSE:GCI) has a beta value of 2.49 and has seen 0.66 million shares traded in the recent trading session. The company, currently valued at $501.80M, closed the recent trade at $3.40 per share which meant it lost -$0.14 on the day or -3.81% during that session. The GCI stock price is -74.41% off its 52-week high price of $5.93 and 30.88% above the 52-week low of $2.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.5 million shares traded. The 3-month trading volume is 1.55 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.
Gannett Co Inc (NYSE:GCI) trade information
Sporting -3.81% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GCI stock price touched $3.40 or saw a rise of 10.29%. Year-to-date, Gannett Co Inc shares have moved -32.71%, while the 5-day performance has seen it change 27.53%. Over the past 30 days, the shares of Gannett Co Inc (NYSE:GCI) have changed 8.44%. Short interest in the company has seen 12.34 million shares shorted with days to cover at 8.16.
Wall Street analysts have a consensus price target for the stock at $5.55, which means that the shares’ value could jump 38.74% from the levels at last check today.. 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 latest price level in today’s session is -76.47% off the targeted high while a plunge would see the stock gain -50.0% from the levels at last check today..
Gannett Co Inc (GCI) estimates and forecasts
The company’s shares have lost -40.16% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.74%.
4 analysts offering their estimates for the company have set an average revenue estimate of 593.1M for the current quarter. 4 have an estimated revenue figure of 604.91M for the next ending quarter. Year-ago sales stood 635.76M and 639.84M respectively for this quarter and the next, and analysts expect sales will shrink by -6.71% for the current quarter and -3.74% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 36.36% over the past 5 years. Earnings growth for 2025 is a modest -63.41% while over the next 5 years, the company’s earnings are expected to increase by 34.69%.
GCI Dividends
Gannett Co Inc is expected to release its next earnings report on 2025-Feb-19 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 5.04% of the company shares, while shares held by institutions stand at 82.97% with a share float percentage of 87.38%. Investors are also buoyed by the number of investors in a company, with Gannett Co Inc having a total of 261.0 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 9.218% 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 9.2045% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.99% shares in the company for having 4.41 shares of worth $15.34 million while later fund manager owns 3.87 shares of worth $13.46 million as of Mar 31, 2025 , which makes it owner of about 2.63% of company’s outstanding stock.
