Gannett Co Inc (NYSE:GCI) saw some unusual options trading on Monday. Investors bought 706 call options on the company. This represents an increase of 881% compared to the typical volume of 72 call options.

Several research analysts recently issued reports on the company. ValuEngine raised Gannett from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Gannett from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy”.

Gannett (NYSE GCI) opened at $10.96 on Thursday. The stock has a market capitalization of $1,230.00 and a price-to-earnings ratio of 23.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Gannett has a 12-month low of $7.36 and a 12-month high of $12.38.

In other news, insider John M. Zidich sold 17,954 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $10.71, for a total value of $192,287.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 20,579 shares of company stock valued at $222,035 over the last quarter. 0.74% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new position in Gannett during the 4th quarter worth $434,000. Meeder Asset Management Inc. raised its position in Gannett by 213.9% during the 4th quarter. Meeder Asset Management Inc. now owns 13,886 shares of the company’s stock worth $161,000 after purchasing an additional 9,462 shares during the last quarter. Heartland Advisors Inc. raised its position in Gannett by 43.6% during the 4th quarter. Heartland Advisors Inc. now owns 717,955 shares of the company’s stock worth $8,321,000 after purchasing an additional 217,955 shares during the last quarter. Engineers Gate Manager LP raised its position in Gannett by 920.7% during the 4th quarter. Engineers Gate Manager LP now owns 152,061 shares of the company’s stock worth $1,762,000 after purchasing an additional 137,163 shares during the last quarter. Finally, LSV Asset Management raised its position in Gannett by 20.4% during the 4th quarter. LSV Asset Management now owns 3,567,695 shares of the company’s stock worth $41,349,000 after purchasing an additional 604,450 shares during the last quarter. 85.46% of the stock is owned by institutional investors and hedge funds.

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Gannett Company Profile

Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.

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