USA Today (NYSE:TDAY) Stock Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• USA Today shares rose above their 50-day moving average, reaching $7.13 before last trading at $7.04 on volume of approximately 1.45 million shares.
• Analyst sentiment is mixed, with two Buy ratings, one Hold, and one Sell; the stock has an average rating of Hold and a consensus price target of $9.03.
• Institutional ownership is substantial at 76.71%, while the company carries significant leverage, including a debt-to-equity ratio of 5.74 and a current ratio below 1.

Shares of USA Today Co. (NYSE:TDAY - Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $6.65 and traded as high as $7.13. USA Today shares last traded at $7.04, with a volume of 1,452,095 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on TDAY. Citigroup reiterated a "neutral" rating on shares of USA Today in a research note on Monday, August 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 target price on shares of USA Today in a report on Friday, August 7th. Weiss Ratings downgraded USA Today from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, September 9th. Citizens Jmp lifted their target price on shares of USA Today from $8.00 to $10.00 and gave the company a "market outperform" rating in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of USA Today from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9.03.

USA Today Trading Up 1.3%

The firm has a market capitalization of $1.03 billion, a PE ratio of -23.47 and a beta of 1.40. The business's 50-day moving average price is $6.65 and its 200-day moving average price is $7.43. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78.

Hedge Funds Weigh In On USA Today

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Two Seas Capital LP acquired a new stake in USA Today in the 2nd quarter valued at about $120,301,000. BlackRock Inc. acquired a new position in USA Today during the second quarter worth about $89,866,000. SG Americas Securities LLC acquired a new position in USA Today during the first quarter worth about $35,972,000. Bank of America Corp DE purchased a new stake in shares of USA Today in the second quarter valued at about $29,881,000. Finally, Whitefort Capital Management LP purchased a new stake in shares of USA Today in the second quarter valued at about $17,141,322. 76.71% of the stock is owned by institutional investors and hedge funds.

About USA Today

Gannett Co Inc invests in, owns, and operates local media assets in the United States. The company's principal products include 125 daily newspapers with total paid circulation of approximately 1.4 million; 314 weekly newspapers with total paid circulation of approximately 315,000 and total free circulation of approximately 1.9 million; 124 shoppers with total circulation of approximately 3.0 million; and 538 locally-focused Websites, including Internet and mobile devices with approximately 224 million page views per month.

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