Gannett (GCI)

• Market cap: $666M
• 1 day: -2.59%
• 5 days: -3.62%
• 1 month: -10.67%
• 3 months: -3.62%
• 6 months: -7.94%
• Year to date: -10.85%
• 1 year: 83.00%
• 5 years: -26.02%
• 10 years: -65.65%
• Sector: Materials
• Industry: Newspapers

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 Q3 regulatory filings by fund managers ($100M+ AUM)

485% more call options, than puts

Call options by funds: $11.5M | Put options by funds: $1.97M

133% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 7 (+4) [Q3]

96% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 23

48% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 44

27% more capital invested

Capital invested by funds: $512M [Q2] → $650M (+$138M) [Q3]

11% more funds holding

Funds holding: 169 [Q2] → 188 (+19) [Q3]

3.16% more ownership

Funds ownership: 75.25% [Q2] → 78.41% (+3.16%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $6 33% upside
• Avg. target: $6 33% upside
• High target: $6 33% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

JMP Securities Aaron Kimson 67% 1-year accuracy 8 / 12 met price target

33% upside $6

Market Outperform Reiterated

27 Jan 2025