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

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, GCI falls under the Communication Services sector while operating within the Publishing industry segment. The current market capitalization of Gannett Co Inc. is $377.98M. A total of 1.47 million shares were traded on the day, compared to an average of 726.23K shares.

In the most recent transaction, Tarica Laurence bought 200,000 shares of GCI for 1.85 per share on Nov 16 ’23. After the transaction, the Director now owns 1,008,799 company shares. In a previous transaction on Nov 06 ’23, Reed Michael bought 60,000 shares at 2.01 per share. GCI shares that Chief Executive Officer owns now total 3,304,323.

Among the insiders who bought shares, Reed Michael acquired of 80,000 shares on Aug 14 ’23 at a per-share price of $3.29. This resulted in the Chief Executive Officer holding 3,244,323 shares of GCI after the transaction.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, GCI has a high of $3.60 and a low of $1.62.

As of this writing, GCI has an earnings estimate of -$0.36 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.55. The company reported an EPS of -$0.02 in the last quarter, which was -100.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $2.13, while its Total Shareholder’s Equity was $529.62M.

Analysts Opinion

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. 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 3.00.

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