On September 13, 2024, Laurence Tarica, Director at Gannett Co Inc (GCI, Financial), purchased 50,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 1,089,663 shares of Gannett Co Inc.
Gannett Co Inc (GCI, Financial) is primarily involved in the publishing of newspapers and operates digital platforms in the United States. The company's portfolio includes USA Today and numerous other local media organizations.
Over the past year, Laurence Tarica has increased his holdings in the company by purchasing a total of 250,000 shares. There have been three insider buys and no insider sells at Gannett Co Inc over the same period.
On the day of the transaction, shares of Gannett Co Inc were priced at $4.5. The company's market cap stood at $680.435 million. According to the GF Value, an intrinsic value estimate by GuruFocus, the stock is significantly overvalued with a price-to-GF-Value ratio of 2.43. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for expected business performance.
This insider purchase could be a signal to investors about the insider's confidence in the future prospects of Gannett Co Inc, despite the current valuation metrics suggesting the stock is overvalued based on its GF Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
