BlackRock Inc. bought a new position in shares of USA Today Co. (NYSE:TDAY - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 10,510,604 shares of the company's stock, valued at approximately $89,866,000. BlackRock Inc. owned 7.16% of USA Today at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TDAY. AQR Capital Management LLC increased its holdings in USA Today by 47.6% during the first quarter. AQR Capital Management LLC now owns 566,994 shares of the company's stock worth $1,639,000 after buying an additional 182,824 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of USA Today by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company's stock worth $244,000 after purchasing an additional 3,588 shares during the period. Empowered Funds LLC lifted its stake in USA Today by 2.0% in the first quarter. Empowered Funds LLC now owns 951,925 shares of the company's stock valued at $2,751,000 after purchasing an additional 18,933 shares during the last quarter. Strs Ohio purchased a new position in USA Today in the first quarter valued at approximately $187,000. Finally, Creative Planning grew its holdings in USA Today by 110.9% during the second quarter. Creative Planning now owns 79,251 shares of the company's stock valued at $284,000 after purchasing an additional 41,674 shares during the period. 76.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on TDAY. Citizens Jmp raised their target price 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. Rosenblatt Securities reiterated a "buy" rating and set a $10.00 target price on shares of USA Today in a research report on Friday, August 7th. New Street Research set a $8.05 price target on shares of USA Today in a research report on Friday, June 5th. Weiss Ratings restated a "sell (d+)" rating on shares of USA Today in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of USA Today from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9.03.
Check Out Our Latest Analysis on TDAY
USA Today Price Performance
TDAY stock opened at $6.38 on Friday. The firm has a 50 day moving average of $7.94 and a 200-day moving average of $7.34. The firm has a market capitalization of $936.71 million, a P/E ratio of -21.27 and a beta of 1.40. USA Today Co. has a 12 month low of $3.42 and a 12 month high of $9.21. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74.
USA Today (NYSE:TDAY - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $536.34 million during the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.
USA Today Profile
(
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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