Today’s Market Runner: What’s Ahead for Gannett Co Inc After Today’s Significant Increase?

Today's Market Runner: What's Ahead for Gannett Co Inc After Today's Significant Increase?

The stock of Gannett Co Inc (NYSE:GCI) is a huge mover today! About 304,433 shares traded hands. Gannett Co Inc (NYSE:GCI) has declined 23.72% since February 29, 2016 and is downtrending. It has underperformed by 35.94% the S&P500.
The move comes after 8 months positive chart setup for the $1.38B company. It was reported on Oct, 3 by Barchart.com. We have $16.12 PT which if reached, will make NYSE:GCI worth $510.60 million more.

Analysts await Gannett Co Inc (NYSE:GCI) to report earnings on November, 3. They expect $0.16 earnings per share, down 62.79% or $0.27 from last year’s $0.43 per share. GCI’s profit will be $18.76M for 18.39 P/E if the $0.16 EPS becomes a reality. After $0.30 actual earnings per share reported by Gannett Co Inc for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.

Gannett Co Inc (NYSE:GCI) Ratings Coverage

Out of 4 analysts covering Gannett (NYSE:GCI), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Gannett has been the topic of 8 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Tuesday, September 1. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, October 7. As per Monday, November 2, the company rating was maintained by JP Morgan. The rating was initiated by Argus Research with “Hold” on Friday, September 4. Argus Research initiated Gannett Co Inc (NYSE:GCI) on Tuesday, September 8 with “Hold” rating. Jefferies maintained the stock with “Hold” rating in Monday, July 11 report. Argus Research upgraded Gannett Co Inc (NYSE:GCI) on Thursday, November 5 to “Buy” rating.

According to Zacks Investment Research, “Gannett owns the publishing assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA (Ticker: TGNA) and a publishing company called Gannett. The new Gannett owns the USA Today and a host of other media assets.”

Insitutional Activity: The institutional sentiment decreased to 1.5 in Q2 2016. Its down 2.50, from 4 in 2016Q1. The ratio dived, as 1 funds sold all Gannett Co Inc shares owned while 1 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 157,915 shares or 45.06% less from 287,452 shares in 2016Q1.
Huntington Financial Bank last reported 0.01% of its portfolio in the stock. Marshwinds Advisory has 0.14% invested in the company for 12,836 shares. Gemmer Asset Mgmt Ltd Liability Company last reported 0.01% of its portfolio in the stock. Covington Cap Mgmt has 48,009 shares for 0.06% of their US portfolio. Gulf Intll National Bank (Uk) Limited holds 0.02% of its portfolio in Gannett Co Inc (NYSE:GCI) for 63,910 shares. Mutual Of Omaha State Bank Wealth owns 8,245 shares or 0.08% of their US portfolio. Leavell Inv Management has 14,900 shares for 0.03% of their US portfolio.

Another recent and important Gannett Co Inc (NYSE:GCI) news was published by Finance.Yahoo.com which published an article titled: “Gannett Co., Inc. (GCI)” on April 25, 2016.

GCI Company Profile

Gannett Co., Inc., incorporated on November 21, 2014, is an international, multi-platform news and information company. The Firm is a local content well-known provider in the United States, operating in over 30 states and Guam. The Company’s activities comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom. The Company’s daily publications in the United States include USA TODAY. Together with over 20 daily paid-for publications, its Newsquest division operates in the United Kingdom. In the markets it serves, the Company also operates desktop, smartphone and tablet products, which are integrated with publishing operations. The Company’s activities also include commercial printing, marketing and data services operations.

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