USA Today (NYSE:TDAY) Stock Sees Unusually High Call Option Buying

USA Today Co. (NYSE:TDAY) was the target of some unusual options trading activity on Thursday. Stock traders acquired 4,832 call options on the stock. This is an increase of 2,316% compared to the typical volume of 200 call options.

Analysts Set New Price Targets

TDAY has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 9th. New Street Research set a $8.05 price objective on shares of USA Today in a research note on Friday, June 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of USA Today in a report on Friday, August 7th. Wall Street Zen downgraded shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Citigroup reiterated a “neutral” rating on shares of USA Today in a report on Monday, August 24th. Two 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, the company currently has an average rating of “Hold” and a consensus price target of $9.03.

USA Today Stock Performance

TDAY stock traded up $0.64 during midday trading on Thursday, reaching $6.93. 4,104,407 shares of the company were exchanged, compared to its average volume of 1,890,540. USA Today has a one year low of $3.42 and a one year high of $9.21. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -23.10 and a beta of 1.35. The business has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $7.39. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78.

Institutional Trading of USA Today

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Two Seas Capital LP bought a new position in shares of USA Today during the fourth quarter worth approximately $74,946,000. Alta Fundamental Advisers LLC bought a new stake in USA Today in the 4th quarter valued at $58,346,000. BlackRock Inc. acquired a new position in USA Today in the 2nd quarter valued at $89,866,000. SG Americas Securities LLC acquired a new position in USA Today in the 1st quarter valued at $35,972,000. Finally, Bank of America Corp DE bought a new position in USA Today during the 2nd quarter worth $29,881,000. Institutional investors own 76.71% of the company’s stock.

About USA Today

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.