USA Today Co. (NYSE:TDAY – Get Free Report)’s stock price traded up 6% during mid-day trading on Tuesday. The company traded as high as $7.32 and last traded at $7.29. 1,628,616 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 1,933,442 shares. The stock had previously closed at $6.88.
Analyst Upgrades and Downgrades
TDAY has been the topic of several recent research reports. Citizens Jmp lifted their target price on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 9th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of USA Today in a research note on Friday, August 7th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Citigroup restated a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.03.
Read Our Latest Stock Analysis on TDAY
USA Today Stock Performance
The firm’s 50 day moving average price is $6.67 and its two-hundred day moving average price is $7.43. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81. The firm has a market cap of $1.07 billion, a PE ratio of -24.23 and a beta of 1.40.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Seas Capital LP grew its holdings in USA Today by 3.1% in the third quarter. Two Seas Capital LP now owns 14,504,707 shares of the company’s stock valued at $91,235,000 after purchasing an additional 434,396 shares during the last quarter. BlackRock Inc. acquired a new position in shares of USA Today during the 2nd quarter worth $89,866,000. SG Americas Securities LLC acquired a new position in shares of USA Today during the 1st quarter worth $35,972,000. Bank of America Corp DE purchased a new stake in shares of USA Today in the 2nd quarter worth about $29,881,000. Finally, Miller Value Partners LLC purchased a new stake in shares of USA Today in the 4th quarter worth about $17,527,000. 76.71% of the stock is owned by institutional investors and hedge funds.
About USA Today
Gannett Co Inc invests in, owns, and operates local media assets in the United States. The company’s principal products include 125 daily newspapers with total paid circulation of approximately 1.4 million; 314 weekly newspapers with total paid circulation of approximately 315,000 and total free circulation of approximately 1.9 million; 124 shoppers with total circulation of approximately 3.0 million; and 538 locally-focused Websites, including Internet and mobile devices with approximately 224 million page views per month.
Read More
- Five stocks we like better than USA Today
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
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.
