Hennessy Advisors Inc. reduced its holdings in USA Today Co. (NYSE:TDAY – Free Report) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,127,154 shares of the company’s stock after selling 110,100 shares during the quarter. Hennessy Advisors Inc. owned 0.77% of USA Today worth $7,090,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of TDAY. Sterling Capital Management LLC boosted its holdings in shares of USA Today by 842.3% in the 3rd quarter. Sterling Capital Management LLC now owns 4,542 shares of the company’s stock worth $29,000 after purchasing an additional 4,060 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of USA Today by 32.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,979 shares of the company’s stock valued at $37,000 after buying an additional 1,481 shares in the last quarter. Two Seas Capital LP raised its holdings in shares of USA Today by 3.1% during the 3rd quarter. Two Seas Capital LP now owns 14,504,707 shares of the company’s stock valued at $91,235,000 after buying an additional 434,396 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of USA Today by 82.9% during the 2nd quarter. Engineers Gate Manager LP now owns 208,538 shares of the company’s stock valued at $1,783,000 after buying an additional 94,548 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in USA Today in the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.
USA Today Trading Up 0.2%
Shares of TDAY stock opened at $6.19 on Monday. The business has a 50-day moving average of $6.62 and a 200 day moving average of $7.06. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. USA Today Co. has a 1-year low of $4.33 and a 1-year high of $9.21. The stock has a market capitalization of $908.82 million, a PE ratio of -20.63 and a beta of 1.52.
Analysts Set New Price Targets
A number of research analysts have commented on TDAY shares. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of USA Today in a research report on Friday, August 7th. Citigroup restated a “neutral” rating on shares of USA Today in a report on Monday, August 24th. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Citizens Jmp upped their price objective on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.03.
View Our Latest Stock Report on USA Today
USA Today Company Profile
USA TODAY is a national news and media brand owned by Gannett Co, Inc It publishes news and analysis through its website, mobile applications and print newspaper, covering national and international events as well as politics, sports, business, entertainment, lifestyle and consumer topics.
Founded in 1982, USA TODAY was developed as a broadly accessible national newspaper and has expanded into a digital-first media operation. Its content is distributed through online articles, video, podcasts, newsletters and other digital formats, in addition to its print edition.
USA TODAY also operates within Gannett’s broader network of local newspapers and digital publications, serving readers across the United States.
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