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Friday, September 29, 2023

Gannett Co. Inc. (NYSE: GCI) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Gannett Co. Inc. (GCI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -3.05%, to $2.86. The Gannett Co. Inc. has recorded 501 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that USA TODAY Sports Launches 2023 US LBM College Football Coaches Poll.

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Stocks Info

Gannett Co. Inc. is listed on the NYSE as a member of the Communication Services sector and is a part of the Publishing industry. At the end of the last regular session, the stock closed at $2.95 and fluctuated between $3.0150 as its day high and $2.8900 as its day low. The current market capitalization of Gannett Co. Inc. is $433.80M. A total of 0.76 million shares were traded on the day, compared to an average of 2.16M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GCI has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 11,111 and the disposition of 16,325 shares. Over the last 12 months, there were 16 BUYs and 7 SELLs from insiders. Insiders purchased 2,731,452 shares during that period but sold 579,059.

In the most recent transaction, Reed Michael bought 80,000 shares of GCI for 3.29 per share on Aug 14. After the transaction, the Chief Executive Officer now owns 3,244,323 company shares. In a previous transaction on Dec 14, Tarica Laurence bought 100,000 shares at 2.25 per share. GCI shares that Director owns now total 753,244.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. GCI’s most recent ex-dividend date was 10/31/2019 when it declared a $0.16 quarterly dividend that was paid in cash on 11/12/2019. Previously, the company paid the dividend on 9/30/2019 with an ex-dividend date of 9/13/2019. The GCI stock dividend was $0.16 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for GCI in the last 3 months, the mean price target is $2.65 with high estimates of $3.00 and low estimates of $2.30. In terms of 52-week highs and lows, GCI has a high of $3.60 and a low of $1.25.

As of this writing, GCI has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.05 in the last quarter, which was 16.70% higher than expectations of -$0.06.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GCI’s latest balance sheet shows that the firm has $130.76M in Cash & Short Term Investments as of fiscal 2021. There were $1.49B in debt and $662.53M in liabilities at the time. Its Book Value Per Share was $2.34, while its Total Shareholder’s Equity was $529.62M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GCI is Buy with a score of 1.00.

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