USA Today Co. (NYSE:TDAY – Get Free Report) was down 11.8% during trading on Thursday . The company traded as low as $7.18 and last traded at $7.64. Approximately 3,008,765 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 1,696,167 shares. The stock had previously closed at $8.66.
Wall Street Analyst Weigh In
TDAY has been the subject of several recent analyst reports. New Street Research set a $8.05 target price on shares of USA Today in a research note on Friday, June 5th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of USA Today in a research report on Thursday, June 4th. Citigroup reaffirmed an “outperform” rating on shares of USA Today in a research report on Tuesday, July 14th. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Citizens Jmp boosted their target price on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.03.
Check Out Our Latest Research Report on TDAY
USA Today Stock Down 11.8%
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV purchased a new position in USA Today in the first quarter valued at approximately $31,000. Public Employees Retirement System of Ohio purchased a new stake in USA Today in the fourth quarter worth $45,000. PharVision Advisers LLC purchased a new stake in USA Today in the third quarter worth $51,000. Public Employees Retirement Association of Colorado bought a new stake in shares of USA Today in the fourth quarter valued at $53,000. Finally, Russell Investments Group Ltd. raised its stake in shares of USA Today by 1,130.6% in the third quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock valued at $53,000 after buying an additional 11,713 shares during the period. 76.71% of the stock is owned by institutional investors.
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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