USA Today Co. (NYSE:TDAY – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $8.92 and last traded at $8.84, with a volume of 402557 shares changing hands. The stock had previously closed at $8.63.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on TDAY. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of USA Today in a research note on Thursday, June 4th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. New Street Research set a $8.05 target price on shares of USA Today in a research note on Friday, June 5th. Citizens Jmp increased their price target on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, USA Today presently has an average rating of “Moderate Buy” and an average price target of $9.03.
Read Our Latest Analysis on USA Today
USA Today Price Performance
USA Today (NYSE:TDAY – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.17. The business had revenue of $548.49 million for the quarter, compared to analysts’ expectations of $562.00 million. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The company’s revenue was down 4.0 compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS.
Institutional Trading of USA Today
Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in shares of USA Today by 47.6% in the first quarter. AQR Capital Management LLC now owns 566,994 shares of the company’s stock worth $1,639,000 after buying an additional 182,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in USA Today by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after acquiring an additional 3,588 shares in the last quarter. Empowered Funds LLC increased its holdings in USA Today by 2.0% in the 1st quarter. Empowered Funds LLC now owns 951,925 shares of the company’s stock worth $2,751,000 after acquiring an additional 18,933 shares in the last quarter. Strs Ohio bought a new stake in USA Today during the 1st quarter worth approximately $187,000. Finally, Creative Planning raised its stake in USA Today by 110.9% during the 2nd quarter. Creative Planning now owns 79,251 shares of the company’s stock worth $284,000 after acquiring an additional 41,674 shares during the period. Institutional investors own 76.71% of the company’s stock.
About USA Today
Gannett Co, Inc (NYSE: GCI) is a media and marketing solutions company headquartered in McLean, Virginia. As the largest U.S. newspaper publisher by circulation, Gannett publishes USA Today alongside more than 260 local news brands. The company’s multimedia platforms include daily and weekly newspapers, websites, mobile apps and a network of subscription-based digital products.
In addition to journalism and content production, Gannett offers a suite of digital marketing services designed to help small and medium-sized businesses grow online.
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