Here’s Why Gannett (GCI) Slid in Q1

From Yahoo Finance: 2025-04-23 08:32:00

Miller Value Partners, an investment management company, released its “Deep Value Strategy” first-quarter 2025 investor letter. In Q1 2025, the market had a double-digit decline due to global tariffs, with Deep Value Strategy having a -12.8% drawdown. Gannett Co., Inc. (NYSE:GCI) was highlighted, with a one-month return of 12.30% and a market cap of $508.133 million.

Regarding Gannett Co., Inc. (NYSE:GCI), Miller Value Deep Value Strategy noted a 43% and 26% decline in shares for GCI and Nabors Industries, respectively. The firm believes both companies are undervalued and has increased position sizes. Gannett Co., Inc. (NYSE:GCI) is not among the 30 most popular stocks among hedge funds, with 34 funds holding it in Q4 2024.

In another article, Gannett Co., Inc. (NYSE:GCI) was discussed along with the best news and digital media stocks to buy. For more hedge fund investor letters from Q1 2025, visit the Insider Monkey page. No promotional or marketing content was included in the news summaries.



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