GannettGCI
Market Cap: $675M
About: Gannett Co Inc is a digital newspaper company providing local media and marketing solutions in the U.S. The group operates in three segments, Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The majority of revenue is from the Domestic Gannett Media segment. The company's brands include USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream, and others. The company produces more than 350 annual events, such as themed expos. The company also operates in the U.K. through the U.K. media company Newsquest, providing more than 150 local media brands.
Employees: 12,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
269% more call options, than puts
Call options by funds: $8.29M | Put options by funds: $2.25M
125% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 20
99% more capital invested
Capital invested by funds: $253M [Q1] → $502M (+$249M) [Q2]
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
26% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 42
17% more funds holding
Funds holding: 144 [Q1] → 169 (+25) [Q2]
4.17% more ownership
Funds ownership: 69.6% [Q1] → 73.76% (+4.17%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Citigroup Jason Bazinet 76% 1-year accuracy 16 / 21 met price target | 12%upside $5.10 | Sell Downgraded | 28 Aug 2024 |
JMP Securities Matthew Condon 100% 1-year accuracy 1 / 1 met price target | 31%upside $6 | Market Outperform Initiated | 1 Jul 2024 |
Financial journalist opinion
Based on 4 articles about GCI published over the past 30 days