Today’s Price Action: What Next for Gannett Co Inc Stock After Today’s Big Increase?

Today's Price Action: What Next for Gannett Co Inc Stock After Today's Big Increase?

The stock of Gannett Co Inc (NYSE:GCI) is a huge mover today! About 941,978 shares traded hands. Gannett Co Inc (NYSE:GCI) has declined 51.11% since April 4, 2016 and is downtrending. It has underperformed by 52.20% the S&P500.
The move comes after 8 months positive chart setup for the $883.27M company. It was reported on Nov, 4 by Barchart.com. We have $10.84 PT which if reached, will make NYSE:GCI worth $344.48 million more.

Gannett Co Inc (NYSE:GCI) Ratings Coverage

Out of 6 analysts covering Gannett (NYSE:GCI), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Gannett has been the topic of 10 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Gannett Co Inc (NYSE:GCI) earned “Hold” rating by Argus Research on Friday, September 4. The firm earned “Buy” rating on Wednesday, November 2 by Noble Financial. The stock of Gannett Co Inc (NYSE:GCI) earned “Neutral” rating by JP Morgan on Monday, November 2. The rating was maintained by on Monday, October 10 with “Hold”. The firm earned “Hold” rating on Monday, July 11 by Jefferies. As per Tuesday, September 8, the company rating was initiated by Argus Research. As per Tuesday, September 1, the company rating was downgraded by Zacks. As per Wednesday, October 7, the company rating was initiated by Cantor Fitzgerald. Argus Research upgraded it to “Buy” rating and $20 target price in Thursday, November 5 report.

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 2016 Q2. Its down 2.50, from 4 in 2016Q1. The ratio turned negative, 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.
Gulf Intl Bank & Trust (Uk) Ltd, a United Kingdom-based fund reported 63,910 shares. Mutual Of Omaha Financial Bank Wealth accumulated 0.08% or 8,245 shares. Leavell Investment Management Inc holds 14,900 shares or 0.03% of its portfolio. Marshwinds Advisory holds 0.14% of its portfolio in Gannett Co Inc (NYSE:GCI) for 12,836 shares. Covington Cap Management accumulated 0.06% or 48,009 shares. Huntington Natl Bank holds 9,216 shares or 0.01% of its portfolio. The California-based Gemmer Asset Management has invested 0.01% in Gannett Co Inc (NYSE:GCI).

More notable recent Gannett Co Inc (NYSE:GCI) news were published by: Fool.com which released: “Why Shares of Gannett Co. Inc. Just Got Crushed” on October 27, 2016, also Businesswire.com with their article: “Gannett Co., Inc. Terminates Discussions to Acquire tronc, Inc.” published on November 01, 2016, Reuters.com published: “REFILE-BRIEF-Gannett Co Inc terminates discussions to acquire Tronc Inc” on November 01, 2016. More interesting news about Gannett Co Inc (NYSE:GCI) were released by: Nasdaq.com and their article: “Gannett Co Inc Stock Sinks After Q3 Earnings Report” published on October 27, 2016 as well as Marketwatch.com‘s news article titled: “USA Today-owner Gannett Co. reports Q3 loss, better-than-expected revenue” with publication date: October 27, 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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