USA Today (NYSE:TDAY) Stock Sees Unusually High Call Option Buying

USA Today Co. (NYSE:TDAY – Get Free Report) saw some unusual options trading on Thursday. Investors purchased 4,832 call options on the company. This is an increase of 2,316% compared to the typical volume of 200 call options.

USA Today Trading Up 12.4%

Shares of TDAY opened at $7.07 on Friday. USA Today has a 52-week low of $3.42 and a 52-week high of $9.21. The stock has a market cap of $1.04 billion, a PE ratio of -23.57 and a beta of 1.40. The firm’s fifty day moving average is $6.96 and its two-hundred day moving average is $7.39. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 5.74.

Institutional Trading of USA Today

A number of hedge funds have recently bought and sold shares of the business. KBC Group NV acquired a new position in shares of USA Today during the 1st quarter worth approximately $31,000. Integrated Wealth Concepts LLC purchased a new position in USA Today during the second quarter worth approximately $48,000. Public Employees Retirement System of Ohio purchased a new position in USA Today during the second quarter worth approximately $62,000. Verus Capital Partners LLC acquired a new position in USA Today during the first quarter worth $80,000. Finally, Freestone Grove Partners LP acquired a new position in USA Today during the second quarter worth $81,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDAY. New Street Research set a $8.05 price objective on shares of USA Today in a research report on Friday, June 5th. Citigroup reaffirmed a “neutral” rating on shares of USA Today in a research note on Monday, August 24th. Weiss Ratings lowered shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. Citizens Jmp increased their price objective 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, Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, USA Today has a consensus rating of “Hold” and an average price target of $9.03.

View Our Latest Report on USA Today

USA Today Company Profile

(Get Free Report)

USA TODAY is a U.S. news media brand that publishes national and local news through its print newspaper, website, mobile applications and other digital platforms. Its coverage includes politics, business, sports, entertainment, technology, lifestyle and consumer topics.

Founded in 1982, USA TODAY was developed as a nationally distributed newspaper with an emphasis on accessible writing, visual presentation and broad geographic coverage. The brand also produces newsletters, video content, podcasts and other digital media, and operates within the broader USA TODAY NETWORK of local news organizations.

USA TODAY is owned by Gannett Co, Inc, which operates newspapers and digital news properties across the United States.

Further Reading

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