Allspring Global Investments Holdings LLC Unloads Shares of Gannett Co.,
April 28, 2023
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Allspring Global Investments Holdings LLC recently unloaded its shares of Gannett ($NYSE:GCI) Co., Inc. at Defense World. Gannett Co., Inc. is one of the leading news and media companies in the United States. Gannett Co., Inc. also provides career opportunities through its Reach Local, G/O Digital, and TEGNA divisions, which operate in the digital marketing, broadcast television and radio, automotive, and marketing services spaces.
The company’s stock is traded on the New York Stock Exchange (NYSE: GCI). With the sale of its shares, Allspring Global Investments Holdings LLC has made a sound financial decision that will likely benefit them in the long-term.
Market Price
Despite the stock sale, Gannett Co., Inc. stock opened at $1.8 and closed at $1.9, a 3.3% increase from the previous closing price of $1.8. This indicates that investors remain confident in the company despite the sale of shares by Allspring Global Investments Holdings LLC. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gannett. More…
| Total Revenues | Net Income | Net Margin |
| 2.95k | -78 | -1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gannett. More…
| Operations | Investing | Financing |
| 40.78 | 22.12 | -102.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gannett. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.39k | 2.1k | 2.02 |
Key Ratios Snapshot
Some of the financial key ratios for Gannett are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.4% | -11.3% | 1.1% |
| FCF Margin | ROE | ROA |
| -0.2% | 6.5% | 0.8% |
Analysis
At GoodWhale, we believe in empowering our customers with comprehensive insight and data. That’s why we’ve taken a deep dive into Gannett‘s financials and presented the findings to you. Our Risk Rating indicates that Gannett is a medium risk investment in terms of financial and business aspects. Our analysis has revealed 2 risk warnings in Gannett’s income statement and balance sheet. These warnings help identify potential areas of concern and potential opportunities. To gain access to the full report and explore all of the data, register with us today. With GoodWhale, you can make more informed decisions and ensure you’re investing your money wisely. More…
Peers
The company’s portfolio of media assets includes USA Today, the largest national newspaper in the United States by circulation; as well as local news organizations in 46 states and Guam. In addition to print media, Gannett also owns digital media assets, including the website usatoday.com and over 100 local news websites in the United States. The company’s broadcasting assets include 46 television stations in 39 markets across the United States.
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Summary
Gannett Co., Inc. is an American media and digital publishing company with a focus on news, information and entertainment. Allspring Global Investments Holdings LLC recently sold its shares in Gannett, causing the stock price to move up the same day. Investing analysis of Gannett reveals that it is currently trading below its long-term averages and book value, suggesting there may be short-term buying opportunities. Moreover, the company has a strong balance sheet with low debt, which further points to a potential for price appreciation.
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