Gannett Co Inc (NYSE:GCI)’s traded shares stood at 3.07 million during the last session, with the company’s beta value hitting 2.66. At the close of trading, the stock’s price was $3.09, to imply a decrease of -3.44% or -$0.11 in intraday trading. The GCI share’s 52-week high remains $5.93, putting it -91.91% down since that peak but still an impressive 23.3% since price per share fell to its 52-week low of $2.37. The company has a valuation of $452.48M, with an average of 2.35 million shares in intraday trading volume over the past 10 days and average of 1.65 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Gannett Co Inc (GCI), translating to a mean rating of 2.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GCI a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy.
Gannett Co Inc (NYSE:GCI) trade information
After registering a -3.44% downside in the last session, Gannett Co Inc (GCI) has traded red over the past five days. The 5-day price performance for the stock is -10.17%, and 2.32% over 30 days. With these gigs, the year-to-date price performance is -38.93%. Short interest in Gannett Co Inc (NYSE:GCI) saw shorts transact 11.83 million shares and set a 6.76 days time to cover.
The extremes give us $5.1 and $6 for target low and target high price respectively. As such, GCI has been trading -94.17% off suggested target high and -65.05% from its likely low.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 36.36% for the past 5-year period. While 2025 is set for a -63.41% return in earnings, projections for the next 5 years are at 34.69% annually.
GCI Dividends
Gannett Co Inc has its next earnings report out on 2025-Feb-19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 18.87%.
Gannett Co Inc (NYSE:GCI)’s Major holders
Gannett Co Inc insiders hold 4.86% of total outstanding shares, with institutional holders owning 83.30% of the shares at 87.56% float percentage. In total, 83.30% institutions holds shares in the company, led by APOLLO MANAGEMENT HOLDINGS, L.P.. As of 2024-06-30, the company held over 13.17 million shares (or 9.218% of shares), all amounting to roughly $60.69 million.
The next major institution holding the largest number of shares is ALTA FUNDAMENTAL ADVISERS LLC with 13.15 million shares, or about 9.2045% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $60.61 million.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Gannett Co Inc (GCI) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 4.41 shares. This is just over 3.01% of the total shares, with a market valuation of $13.64 million. Data from the same date shows that the other fund manager holds a little less at 3.87, or 2.65% of the shares, all valued at about 11.97 million.
