5,102,391 Shares in USA Today Co. $TDAY Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in USA Today Co. (NYSE:TDAY) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,102,391 shares of the company’s stock, valued at approximately $35,972,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc increased its holdings in shares of USA Today by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock valued at $493,000 after purchasing an additional 3,193 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 in the last quarter. SkyView Investment Advisors LLC boosted its holdings in USA Today by 3.8% during the second quarter. SkyView Investment Advisors LLC now owns 139,339 shares of the company’s stock worth $499,000 after buying an additional 5,112 shares in the last quarter. Prudential Financial Inc. grew its position in USA Today by 72.0% during the second quarter. Prudential Financial Inc. now owns 18,062 shares of the company’s stock worth $65,000 after buying an additional 7,562 shares during the period. Finally, Franklin Resources Inc. grew its position in USA Today by 4.9% during the third quarter. Franklin Resources Inc. now owns 181,124 shares of the company’s stock worth $748,000 after buying an additional 8,451 shares during the period. Institutional investors and hedge funds own 76.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TDAY. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of USA Today in a research report on Thursday, June 4th. Citizens Jmp upped their price target on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a report on Friday, February 27th. Wall Street Zen downgraded USA Today from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Citigroup boosted their target price on USA Today from $6.75 to $8.05 and gave the stock a “neutral” rating in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.53.

USA Today Stock Performance

NYSE:TDAY opened at $8.00 on Wednesday. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77. The firm has a market cap of $1.17 billion, a PE ratio of 133.36 and a beta of 1.42. The firm has a 50 day simple moving average of $7.58 and a 200-day simple moving average of $6.41. USA Today Co. has a 1-year low of $3.32 and a 1-year high of $8.28.

USA Today (NYSE:TDAY) last announced its earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.17. The firm had revenue of $548.49 million for the quarter, compared to analyst estimates of $562.00 million. USA Today had a net margin of 1.27% and a return on equity of 21.75%. USA Today’s revenue was down 4.0 compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) earnings per share.

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.