Bank of New York Mellon Corp acquired a new position in USA Today Co. (NYSE:TDAY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 498,634 shares of the company's stock, valued at approximately $4,263,000. Bank of New York Mellon Corp owned 0.34% of USA Today at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. KBC Group NV purchased a new stake in USA Today in the first quarter valued at $31,000. Public Employees Retirement System of Ohio acquired a new stake in USA Today during the 4th quarter worth about $45,000. PharVision Advisers LLC purchased a new position in shares of USA Today during the 3rd quarter valued at about $51,000. Public Employees Retirement Association of Colorado purchased a new position in shares of USA Today during the 4th quarter valued at about $53,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of USA Today by 1,130.6% in the 3rd 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. Hedge funds and other institutional investors own 76.71% of the company's stock.
Analysts Set New Price Targets
TDAY has been the topic of several analyst reports. New Street Research set a $8.05 target price on USA Today in a report on Friday, June 5th. Citigroup reissued a "neutral" rating on shares of USA Today in a report on Monday, August 24th. Citizens Jmp upped their price objective on USA Today from $8.00 to $10.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of USA Today in a research note on Monday, August 3rd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $10.00 target price on shares of USA Today in a report on Friday, August 7th. 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's stock. According to data from MarketBeat, USA Today presently has a consensus rating of "Hold" and an average target price of $9.03.
Get Our Latest Analysis on TDAY
USA Today Trading Down 2.2%
Shares of TDAY stock opened at $6.33 on Friday. USA Today Co. has a 1-year low of $3.42 and a 1-year high of $9.21. The company has a market cap of $929.37 million, a price-to-earnings ratio of -21.10 and a beta of 1.35. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $7.35.
USA Today (NYSE:TDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $536.34 million for the quarter. USA Today had a negative net margin of 1.81% and a negative return on equity of 21.13%.
USA Today Company Profile
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Free Report)
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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