1,178,838 USA Today Co. $TDAY Shares Sold by CenterBook Partners LP

Key Points

• CenterBook Partners cut its USA Today stake by 74.2% in the third quarter, selling 1,178,838 shares and retaining 410,325 shares worth about $2.58 million.
• Institutional investors own 76.71% of the company’s stock, while analyst sentiment is moderately positive: the average rating is “Moderate Buy,” with a $9.50 average price target.
• USA Today reported quarterly EPS of $0.01 on $519.24 million in revenue. Shares opened at $6.53, down 0.6% on the day described.

CenterBook Partners LP decreased its holdings in shares of USA Today Co. (NYSE:TDAY - Free Report) by 74.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,325 shares of the company's stock after selling 1,178,838 shares during the quarter. CenterBook Partners LP owned about 0.28% of USA Today worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Two Seas Capital LP purchased a new stake in shares of USA Today in the second quarter worth about $120,301,000. BlackRock Inc. purchased a new stake in shares of USA Today during the 2nd quarter valued at about $89,866,000. Bank of America Corp DE acquired a new position in USA Today during the 2nd quarter worth approximately $29,881,000. Whitefort Capital Management LP acquired a new position in USA Today during the 2nd quarter worth approximately $17,141,322. Finally, Jefferies Financial Group Inc. acquired a new position in USA Today during the 2nd quarter worth approximately $17,100,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TDAY. 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 research report on Tuesday, July 14th. Rosenblatt Securities boosted their target price on shares of USA Today from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup raised shares of USA Today from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.20 to $8.95 in a research report on Friday. Wall Street Zen downgraded shares of USA Today from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. 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. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $9.50.

USA Today Stock Down 0.6%

Shares of NYSE:TDAY opened at $6.53 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 5.90. The company has a fifty day simple moving average of $6.59 and a 200 day simple moving average of $7.06. The firm has a market cap of $958.72 million, a PE ratio of -108.82 and a beta of 1.52. USA Today Co. has a 12-month low of $4.33 and a 12-month high of $9.21.

USA Today (NYSE:TDAY - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.01 EPS for the quarter. The firm had revenue of $519.24 million for the quarter. USA Today had a negative net margin of 0.26% and a negative return on equity of 1.05%.

About USA Today

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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