Why Do Investors Buy Stock In Gannett Co. Inc. (GCI)?
Gannett Co. Inc. (NYSE:GCI) has a beta value of 2.82 and has seen 0.54 million shares traded in the recent trading session. The company, currently valued at $743.91M, closed the recent trade at $5.73 per share which meant it gained $0.22 on the day or 3.99% during that session. The GCI stock price is -10.47% off its 52-week high price of $6.33 and 82.02% above the 52-week low of $1.03. If we look at the companys 10-day average daily trading volume, we find that it stood at 1.33 million shares traded. The 3-month trading volume is 1.77 million shares. The consensus among analysts is that Gannett Co. Inc. (GCI) is a Sell stock at the moment, with a recommendation rating of 4.00. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.72. Gannett Co. Inc. (NYSE:GCI) trade information  Sporting 3.99% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 06/11/21 when the GCI stock price touched $5.73 or saw a rise of 0.52%. Year-to-date, Gannett Co. Inc. shares have moved 63.99%, while the 5-day performance has seen it change 8.89%. Over the past 30 days, the shares of Gannett Co. Inc. (NYSE:GCI) have changed 24.10%. Short interest in the company has seen 13.65 million shares shorted with days to cover at 6.47. Wall Street analysts have a consensus price target for the stock at $4.40, which means that the shares value could drop -30.23% from the levels at last check today. The projected low price target is $3.80 while the price target rests at a high of $5.00. In that case, then, we find that the latest price level in todays session is 12.74% off the targeted high while a plunge would see the stock lose 33.68% from the levels at last check today. Gannett Co. Inc. (GCI) estimates and forecasts  Figures show that Gannett Co. Inc. shares have underperformed across the wider relevant industry. The companys shares have gained 96.09% over the past 6 months, with this year growth rate of -351.52%, compared to 22.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 78.30% and -154.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.10%. 2 analysts offering their estimates for the company have set an average revenue estimate of $791 million for the current quarter. 2 have an estimated revenue figure of $809.6 million for the next quarter concluding in Sep 2021. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -39.70% over the past 5 years. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  GCI Dividends  Gannett Co. Inc. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Gannett Co. Inc. (NYSE:GCI)s Major holders  Insiders own 10.51% of the company shares, while shares held by institutions stand at 62.67% with a share float percentage of 70.03%. Investors are also buoyed by the number of investors in a company, with Gannett Co. Inc. having a total of 226 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 21.19 million shares worth more than $113.99 million. As of Mar 30, 2021, Blackrock Inc. held 14.87% of shares outstanding. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 8.57 million shares as of Mar 30, 2021. The firms total holdings are worth over $46.13 million and represent 6.02% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Mar 30, 2021, the former fund manager holds about 6.17% shares in the company for having 8.79 million shares of worth $47.31 million while later fund manager owns 3.63 million shares of worth $19.52 million as of Mar 30, 2021, which makes it owner of about 2.55% of companys outstanding stock.