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Tudor Investment Corp ET AL Sells 282,609 Shares of USA Today Co. $TDAY

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Key Points

  • Tudor Investment Corp ET AL cut its stake in USA Today (TDAY) by 91.6%, selling 282,609 shares in Q3 and leaving just 26,000 shares valued at $107,000.
  • Analysts are mixed but leaning positive: MarketBeat shows a consensus rating of "Moderate Buy" with a $7.70 target, while Rosenblatt initiated a Buy with a $10 price objective and several firms recently upgraded to Hold.
  • TDAY opened at $7.10 (near its 1‑year high of $7.32); the company reported an EPS loss of $(0.21) for the quarter, has a market cap of $1.04B, and a high debt‑to‑equity ratio of 5.72.
  • Five stocks to consider instead of USA Today.

Tudor Investment Corp ET AL reduced its holdings in USA Today Co. (NYSE:TDAY - Free Report) by 91.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the company's stock after selling 282,609 shares during the period. Tudor Investment Corp ET AL's holdings in USA Today were worth $107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDAY. AQR Capital Management LLC boosted its stake in shares of USA Today by 47.6% during the 1st 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. increased its position in shares of USA Today by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company's stock valued at $244,000 after acquiring an additional 3,588 shares during the last quarter. Empowered Funds LLC raised its holdings in USA Today by 2.0% during the first quarter. Empowered Funds LLC now owns 951,925 shares of the company's stock worth $2,751,000 after acquiring an additional 18,933 shares in the last quarter. Strs Ohio bought a new stake in USA Today during the first quarter worth about $187,000. Finally, Creative Planning boosted its position 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 last quarter. 76.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Get Our Latest Stock Report on TDAY

Trending Headlines about USA Today

Here are the key news stories impacting USA Today this week:

USA Today Price Performance

TDAY stock opened at $7.10 on Friday. USA Today Co. has a 1-year low of $2.55 and a 1-year high of $7.32. The business's 50 day simple moving average is $6.28 and its 200 day simple moving average is $5.17. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 5.72. The firm has a market capitalization of $1.04 billion, a PE ratio of -64.54 and a beta of 1.44.

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

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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Want to see what other hedge funds are holding TDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Today Co. (NYSE:TDAY - Free Report).

Institutional Ownership by Quarter for USA Today (NYSE:TDAY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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