Jefferies Financial Group Inc. acquired a new position in shares of USA Today Co. (NYSE:TDAY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,000,000 shares of the company's stock, valued at approximately $17,100,000. Jefferies Financial Group Inc. owned 1.36% of USA Today at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of USA Today by 47.6% during the first quarter. AQR Capital Management LLC now owns 566,994 shares of the company's stock valued at $1,639,000 after purchasing an additional 182,824 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 valued at $244,000 after buying an additional 3,588 shares in the last quarter. Empowered Funds LLC increased its stake in USA Today by 2.0% during the 1st quarter. Empowered Funds LLC now owns 951,925 shares of the company's stock valued at $2,751,000 after buying an additional 18,933 shares during the period. Strs Ohio acquired a new position in USA Today during the 1st quarter valued at about $187,000. Finally, Creative Planning raised its position in shares of USA Today by 110.9% during the 2nd quarter. Creative Planning now owns 79,251 shares of the company's stock worth $284,000 after buying an additional 41,674 shares in the last quarter. 76.71% of the stock is owned by institutional investors and hedge funds.
USA Today Price Performance
Shares of USA Today stock opened at $6.40 on Friday. The stock's fifty day moving average is $7.97 and its 200-day moving average is $7.35. The firm has a market capitalization of $939.65 million, a PE ratio of -21.33 and a beta of 1.40. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 5.74. USA Today Co. has a 12-month low of $3.42 and a 12-month high of $9.21.
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 for the quarter. The business 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%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TDAY. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price objective on shares of USA Today in a report on Friday, August 7th. Citigroup reissued a "neutral" rating on shares of USA Today in a report on Monday. New Street Research set a $8.05 target price on USA Today in a research report on Friday, June 5th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of USA Today in a research note on Monday, August 3rd. Finally, Wall Street Zen cut USA Today from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, USA Today has a consensus rating of "Hold" and a consensus price target of $9.03.
View Our Latest Report on TDAY
USA Today Company 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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