Engineers Gate Manager LP Grows Stock Position in USA Today Co. $TDAY

Engineers Gate Manager LP grew its holdings in USA Today Co. (NYSE:TDAY) by 82.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 208,538 shares of the company’s stock after buying an additional 94,548 shares during the period. Engineers Gate Manager LP’s holdings in USA Today were worth $1,783,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. KBC Group NV acquired a new position in shares of USA Today during the first quarter valued at about $31,000. Integrated Wealth Concepts LLC acquired a new stake in USA Today in the 2nd quarter worth approximately $48,000. Public Employees Retirement System of Ohio acquired a new stake in USA Today in the 2nd quarter worth approximately $62,000. Verus Capital Partners LLC purchased a new stake in USA Today during the 1st quarter worth approximately $80,000. Finally, Freestone Grove Partners LP purchased a new stake in USA Today during the 2nd quarter worth approximately $81,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of USA Today in a report on Monday, August 24th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of USA Today in a research report on Friday, August 7th. Weiss Ratings lowered USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 9th. Finally, New Street Research set a $8.05 price target on USA Today in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.03.

USA Today Price Performance

Shares of NYSE:TDAY opened at $6.58 on Wednesday. USA Today Co. has a twelve month low of $3.42 and a twelve month high of $9.21. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74. The company has a market cap of $966.08 million, a PE ratio of -21.93 and a beta of 1.35. The company’s 50 day moving average is $7.45 and its 200 day moving average is $7.38.

USA Today Company Profile

USA TODAY is a U.S. news media brand that publishes national and local news through its print newspaper, website, mobile applications and other digital platforms. Its coverage includes politics, business, sports, entertainment, technology, lifestyle and consumer topics.

Founded in 1982, USA TODAY was developed as a nationally distributed newspaper with an emphasis on accessible writing, visual presentation and broad geographic coverage. The brand also produces newsletters, video content, podcasts and other digital media, and operates within the broader USA TODAY NETWORK of local news organizations.

USA TODAY is owned by Gannett Co, Inc, which operates newspapers and digital news properties across the United States.