Two Seas Capital LP acquired a new position in shares of USA Today Co. (NYSE:TDAY – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,070,311 shares of the company’s stock, valued at approximately $120,301,000. USA Today comprises about 2.4% of Two Seas Capital LP’s portfolio, making the stock its 9th biggest holding. Two Seas Capital LP owned 0.10% of USA Today as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in TDAY. KBC Group NV purchased a new position in USA Today during the first quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new stake in USA Today in the 4th quarter valued at about $45,000. PharVision Advisers LLC purchased a new stake in USA Today in the 3rd quarter valued at about $51,000. Public Employees Retirement Association of Colorado purchased a new stake in USA Today in the 4th quarter valued at about $53,000. Finally, Russell Investments Group Ltd. lifted its position in shares of USA Today by 1,130.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock worth $53,000 after buying an additional 11,713 shares in the last quarter. Institutional investors own 76.71% of the company’s stock.
USA Today Stock Performance
NYSE TDAY opened at $6.52 on Friday. The company has a market capitalization of $957.27 million, a PE ratio of -21.73 and a beta of 1.40. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81. USA Today Co. has a 52-week low of $3.42 and a 52-week high of $9.21. The company has a 50-day simple moving average of $8.08 and a 200 day simple moving average of $7.32.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Citizens Jmp increased their price target on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 14th. New Street Research set a $8.05 price target on USA Today in a report on Friday, June 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of USA Today in a research report on Monday, August 3rd. Finally, Citigroup restated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.03.
Read Our Latest Analysis on USA Today
USA Today Company Profile
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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