Round Rock Advisors 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. The fund bought 249,273 shares of the company's stock, valued at approximately $2,131,000. Round Rock Advisors LLC owned 0.17% of USA Today as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership acquired a new stake in shares of USA Today during the first quarter worth $1,532,000. Lee Danner & Bass Inc. bought a new stake in USA Today in the first quarter valued at about $596,000. Principal Financial Group Inc. acquired a new position in USA Today in the first quarter valued at about $1,468,000. Whitefort Capital Management LP acquired a new position in USA Today in the second quarter valued at about $17,141,322. Finally, Hsbc Holdings PLC boosted its holdings in USA Today by 954.9% during the first quarter. Hsbc Holdings PLC now owns 162,462 shares of the company's stock worth $1,147,000 after buying an additional 147,062 shares during the last quarter. Institutional investors own 76.71% of the company's stock.
USA Today Trading Up 2.4%
NYSE:TDAY opened at $6.33 on Thursday. USA Today Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.21. 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 market capitalization of $929.37 million, a PE ratio of -21.10 and a beta of 1.35. The business's 50-day simple moving average is $7.84 and its 200-day simple moving average is $7.35.
USA Today (NYSE:TDAY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) 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
A number of brokerages have recently commented on TDAY. Rosenblatt Securities reaffirmed a "buy" rating and issued a $10.00 price target on shares of USA Today in a research note on Friday, August 7th. Wall Street Zen lowered shares of USA Today from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Citigroup restated a "neutral" rating on shares of USA Today in a report on Monday, August 24th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of USA Today in a research note on Monday, August 3rd. Finally, Citizens Jmp increased their target price on shares of USA Today from $8.00 to $10.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 14th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $9.03.
Check Out Our Latest Stock Report on TDAY
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.
Further Reading
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