Pingora Partners LLC bought a new position in shares of USA Today Co. (NYSE:TDAY – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 252,663 shares of the company’s stock, valued at approximately $2,160,000. USA Today makes up 1.3% of Pingora Partners LLC’s holdings, making the stock its 16th biggest holding.
A number of other institutional investors also recently added to or reduced their stakes in the company. Abel Hall LLC increased its position in shares of USA Today by 12.9% in the 1st quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after purchasing an additional 1,660 shares during the last quarter. PFG Investments LLC lifted its position in shares of USA Today by 3.2% during the 1st quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after purchasing an additional 1,700 shares during the last quarter. First Trust Advisors LP lifted its position in shares of USA Today by 0.6% during the 1st quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock worth $2,792,000 after purchasing an additional 2,287 shares during the last quarter. Legal & General Group Plc grew its stake in shares of USA Today by 2.4% during the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after purchasing an additional 3,193 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of USA Today by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after purchasing an additional 3,588 shares in the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on TDAY shares. Citigroup restated a “neutral” rating on shares of USA Today in a research note on Monday. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of USA Today in a research report on Friday, August 7th. Wall Street Zen downgraded USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Citizens Jmp raised their target price on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 14th. Finally, New Street Research set a $8.05 target price on USA Today in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.03.
USA Today Stock Down 1.2%
Shares of NYSE TDAY opened at $6.41 on Thursday. The business has a 50-day moving average price of $8.00 and a 200 day moving average price of $7.34. The stock has a market cap of $941.12 million, a PE ratio of -21.37 and a beta of 1.40. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 5.74. USA Today Co. has a 52-week low of $3.42 and a 52-week high of $9.21.
USA Today (NYSE:TDAY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.07 EPS for the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.The company had revenue of $536.34 million for the quarter.
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.
Further Reading
- Five stocks we like better than USA Today
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding TDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Today Co. (NYSE:TDAY – Free Report).
Receive News & Ratings for USA Today Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Today and related companies with MarketBeat.com's FREE daily email newsletter.
