Hennessy Advisors Inc. Acquires Shares of 1,237,254 USA Today Co. $TDAY

Hennessy Advisors Inc. acquired a new position in shares of USA Today Co. (NYSE:TDAY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,237,254 shares of the company’s stock, valued at approximately $10,579,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KBC Group NV purchased a new position in shares of USA Today during the 1st quarter valued at approximately $31,000. Public Employees Retirement System of Ohio bought a new stake in shares of USA Today in the fourth quarter worth $45,000. PharVision Advisers LLC acquired a new stake in USA Today in the third quarter valued at $51,000. Public Employees Retirement Association of Colorado acquired a new stake in USA Today in the fourth quarter valued at $53,000. Finally, Russell Investments Group Ltd. boosted its stake in USA Today by 1,130.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock valued at $53,000 after acquiring an additional 11,713 shares during the last quarter. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citizens Jmp raised their price objective on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of USA Today in a report on Monday, August 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of USA Today in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.03.

USA Today Stock Performance

USA Today stock opened at $6.38 on Friday. The company has a market cap of $936.71 million, a PE ratio of -21.27 and a beta of 1.40. The company has a fifty day moving average price of $7.94 and a two-hundred day moving average price of $7.34. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. USA Today Co. has a 12 month low of $3.42 and a 12 month high of $9.21.

USA Today (NYSE:TDAY) last issued its earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $536.34 million for the quarter. USA Today had a negative net margin of 1.81% and a negative return on equity of 21.13%.

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.