Raging Capital Management Trimmed By $652,734 Its Compugen LTD (CGEN) Stake; Gannett CO (GCI) SI Increased By 11.11%

May 13, 2018 - By Louis Casey

Gannett Co., Inc. (NYSE:GCI) Logo

Raging Capital Management Llc decreased Compugen Ltd (CGEN) stake by 8.17% reported in 2017Q4 SEC filing. Raging Capital Management Llc sold 326,367 shares as Compugen Ltd (CGEN)’s stock rose 41.07%. The Raging Capital Management Llc holds 3.67 million shares with $9.18 million value, down from 4.00 million last quarter. Compugen Ltd now has $173.51M valuation. It closed at $3.35 lastly. It is down 8.14% since May 13, 2017 and is downtrending. It has underperformed by 19.69% the S&P500.

Gannett CO Inc (NYSE:GCI) had an increase of 11.11% in short interest. GCI’s SI was 14.32 million shares in May as released by FINRA. Its up 11.11% from 12.89M shares previously. With 1.10 million avg volume, 13 days are for Gannett CO Inc (NYSE:GCI)’s short sellers to cover GCI’s short positions. The SI to Gannett CO Inc’s float is 13.8%. The stock decreased 0.09% or $0.01 during the last trading session, reaching $11.57. About 1.06 million shares traded. Gannett Co., Inc. (NYSE:GCI) has risen 22.58% since May 13, 2017 and is uptrending. It has outperformed by 11.03% the S&P500.

Investors sentiment Infinity in 2017 Q4. Its in 2017Q3. It [12345], as 0 investors sold Gannett Co., Inc. shares while 0 reduced holdings. 0 funds opened positions while 1 raised stakes. 26,430 shares or 3.93% more from 25,430 shares in 2017Q3 were reported. 930 were accumulated by Gemmer Asset Limited Liability Com. Marshwinds Advisory Com holds 12,285 shares.

Since March 7, 2018, it had 0 insider purchases, and 3 selling transactions for $352,892 activity. The insider Shapiro Neal sold 12,385 shares worth $155,679. 12,385 shares valued at $157,224 were sold by McCune Scott K on Wednesday, March 14. $39,989 worth of Gannett Co., Inc. (NYSE:GCI) was sold by Trelstad Lynn B. on Wednesday, March 7.

Gannett Co., Inc. operates as a news and information company. The company has market cap of $1.31 billion. The firm operates through Publishing and ReachLocal divisions. It has a 192.83 P/E ratio. The firm offers approximately print and digital daily and non-daily publications under the USA TODAY brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 165 news brands and 55 magazines in the United Kingdom.

Among 6 analysts covering Gannett (NYSE:GCI), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Gannett had 11 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Tuesday, September 1 to “Hold”. The stock of Gannett Co., Inc. (NYSE:GCI) has “Hold” rating given on Monday, February 13 by Argus Research. The rating was initiated by Cantor Fitzgerald with “Buy” on Wednesday, October 7. The stock has “Hold” rating by Jefferies on Monday, July 11. The stock has “Buy” rating by Argus Research on Thursday, November 5. Argus Research initiated Gannett Co., Inc. (NYSE:GCI) on Tuesday, September 8 with “Hold” rating. The firm has “Hold” rating given on Friday, September 4 by Argus Research. The firm earned “Neutral” rating on Monday, November 2 by JP Morgan. As per Monday, October 10, the company rating was maintained by . Noble Financial maintained it with “Buy” rating and $16 target in Wednesday, November 2 report.

More recent Gannett Co., Inc. (NYSE:GCI) news were published by: Themiddlemarket.com which released: “M&A daily wrap: Boston Consulting Group, digital transformations, NewSpring, Vybe Twin Brook” on May 10, 2018. Also Nasdaq.com published the news titled: “10 Gannett Co Inc Earnings Highlights for Q1” on May 07, 2018. Benzinga.com‘s news article titled: “Earnings Scheduled For May 7, 2018” with publication date: May 07, 2018 was also an interesting one.

Raging Capital Management Llc increased Range Res Corp (Call) (NYSE:RRC) stake by 156,400 shares to 1.30 million valued at $22.18M in 2017Q4. It also upped Ply Gem Hldgs Inc (NYSE:PGEM) stake by 152,828 shares and now owns 303,950 shares. Cvr Partners Lp (NYSE:UAN) was raised too.

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