SG Americas Securities LLC Has $26.84 Million Stock Holdings in USA Today Co. $TDAY

Key Points

• SG Americas Securities LLC increased its stake in USA Today (TDAY) by 172.6% in Q4 to 5,898,579 shares — roughly a 4.01% position valued at $26.84 million, and overall institutional ownership stands at about 76.71%.
• Analysts have a consensus rating of Moderate Buy with a $7.70 price target (2 Buy, 2 Hold); the stock trades near $6.70 with a $985.6M market cap and the company reported a ($0.21) EPS on $585M revenue last quarter.

SG Americas Securities LLC raised its holdings in USA Today Co. (NYSE:TDAY - Free Report) by 172.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,898,579 shares of the company's stock after buying an additional 3,735,152 shares during the period. SG Americas Securities LLC owned about 4.01% of USA Today worth $26,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Two Seas Capital LP raised its holdings in shares of USA Today by 26.3% in the 3rd quarter. Two Seas Capital LP now owns 14,180,621 shares of the company's stock worth $58,566,000 after acquiring an additional 2,950,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in USA Today by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company's stock worth $35,254,000 after purchasing an additional 164,690 shares in the last quarter. Cooperman Leon G increased its holdings in USA Today by 0.4% during the 3rd quarter. Cooperman Leon G now owns 5,867,209 shares of the company's stock worth $24,232,000 after purchasing an additional 23,151 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of USA Today by 721.0% in the second quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company's stock worth $12,602,000 after purchasing an additional 3,091,333 shares during the last quarter. Finally, Aurelius Capital Management LP purchased a new stake in shares of USA Today in the second quarter worth approximately $4,173,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TDAY. Citigroup reaffirmed a "neutral" rating on shares of USA Today in a research report on Monday, February 2nd. Citizens Jmp raised their price objective on USA Today from $6.00 to $8.00 and gave the company a "market outperform" rating in a research note on Friday, February 27th. Rosenblatt Securities initiated coverage on shares of USA Today in a report on Thursday, February 12th. They set a "buy" rating and a $10.00 price objective on the stock. Weiss Ratings upgraded shares of USA Today from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of USA Today from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

USA Today Stock Down 1.0%

Shares of NYSE TDAY opened at $6.70 on Friday. The company has a debt-to-equity ratio of 5.72, a current ratio of 0.75 and a quick ratio of 0.73. The stock has a market capitalization of $985.64 million, a PE ratio of -60.90 and a beta of 1.58. USA Today Co. has a one year low of $2.55 and a one year high of $6.88. The business's fifty day moving average price is $6.16 and its 200-day moving average price is $5.05.

USA Today (NYSE:TDAY - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $585.00 million during the quarter. USA Today had a net margin of 0.08% and a return on equity of 5.68%.

About USA Today

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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