Invst LLC bought a new position in shares of USA Today Co. (NYSE:TDAY – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 166,103 shares of the company’s stock, valued at approximately $1,420,000. Invst LLC owned approximately 0.11% of USA Today as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Two Seas Capital LP purchased a new position in USA Today in the fourth quarter valued at $74,946,000. Alta Fundamental Advisers LLC purchased a new position in shares of USA Today in the 4th quarter valued at about $58,346,000. BlackRock Inc. acquired a new position in shares of USA Today during the second quarter worth about $89,866,000. Goldman Sachs Group Inc. acquired a new position in shares of USA Today during the fourth quarter worth about $28,383,000. Finally, SG Americas Securities LLC acquired a new stake in USA Today in the first quarter valued at approximately $35,972,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.
USA Today Trading Up 1.1%
Shares of USA Today stock opened at $6.48 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74. The company has a fifty day simple moving average of $8.03 and a 200-day simple moving average of $7.34. The stock has a market cap of $951.39 million, a price-to-earnings ratio of -21.60 and a beta of 1.40. USA Today Co. has a 12-month low of $3.42 and a 12-month high of $9.21.
Analysts Set New Price Targets
A number of equities research analysts have commented on TDAY shares. Weiss Ratings reissued a “sell (d+)” rating on shares of USA Today in a research report on Monday, August 3rd. Citizens Jmp raised their price target on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of USA Today in a report on Friday, August 7th. Wall Street Zen cut USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, New Street Research set a $8.05 price objective on USA Today in a report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, USA Today has a consensus rating of “Hold” and a consensus target price of $9.03.
Get Our Latest Analysis on TDAY
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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