Pingora Partners LLC bought a new position in shares of USA Today Co. (NYSE:TDAY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 252,663 shares of the company's stock, valued at approximately $2,160,000. USA Today makes up about 1.3% of Pingora Partners LLC's holdings, making the stock its 16th biggest holding. Pingora Partners LLC owned about 0.17% of USA Today as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of TDAY. AQR Capital Management LLC grew its position in shares of USA Today by 47.6% in 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. boosted its stake in USA Today by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company's stock worth $244,000 after buying an additional 3,588 shares during the last quarter. Empowered Funds LLC grew its holdings in USA Today by 2.0% in 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 in the last quarter. Strs Ohio purchased a new stake in USA Today in the 1st quarter valued at $187,000. Finally, Creative Planning increased its stake in shares of USA Today by 110.9% in the 2nd quarter. Creative Planning now owns 79,251 shares of the company's stock worth $284,000 after acquiring an additional 41,674 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of USA Today in a research report on Monday, August 3rd. Citizens Jmp increased 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. Rosenblatt Securities reissued a "buy" rating and set a $10.00 target price on shares of USA Today in a research note on Friday, August 7th. New Street Research set a $8.05 target price on USA Today in a research report on Friday, June 5th. Finally, Wall Street Zen lowered USA Today from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.03.
View Our Latest Analysis on USA Today
USA Today Price Performance
Shares of TDAY opened at $6.41 on Thursday. USA Today Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.21. The firm's 50 day moving average price is $8.00 and its 200 day moving average price is $7.34. The company has a market cap of $941.12 million, a P/E ratio of -21.37 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 (NYSE:TDAY - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The company 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 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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