USA Today (NYSE:TDAY) Hits New 12-Month High – Here’s Why

USA Today Co. (NYSE:TDAY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $8.28 and last traded at $8.12, with a volume of 431493 shares. The stock had previously closed at $8.17.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TDAY shares. Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of USA Today in a research report on Thursday. Citizens Jmp boosted their target price on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a research report on Friday, February 27th. Citigroup restated a “neutral” rating on shares of USA Today in a research report on Friday. Finally, New Street Research set a $8.05 price target on USA Today in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, USA Today has an average rating of “Hold” and an average price target of $7.79.

USA Today Stock Down 0.6%

The company has a market cap of $1.19 billion, a PE ratio of 135.36 and a beta of 1.42. The stock’s 50 day moving average price is $7.34 and its 200-day moving average price is $6.11. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79.

Institutional Investors Weigh In On USA Today

Several institutional investors have recently bought and sold shares of the stock. Verus Capital Partners LLC purchased a new stake in USA Today during the 1st quarter valued at about $80,000. Quantinno Capital Management LP boosted its holdings in USA Today by 25.9% during the 1st quarter. Quantinno Capital Management LP now owns 34,152 shares of the company’s stock valued at $241,000 after acquiring an additional 7,022 shares during the period. FourWorld Capital Management LLC purchased a new stake in USA Today during the 1st quarter valued at about $6,194,000. Arrowstreet Capital Limited Partnership purchased a new stake in USA Today during the 1st quarter valued at about $1,532,000. Finally, Sei Investments Co. purchased a new stake in USA Today during the 1st quarter valued at about $130,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

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.