Janus Henderson Group PLC Trims Stock Holdings in USA Today Co. $TDAY

Janus Henderson Group PLC lowered its stake in shares of USA Today Co. (NYSE:TDAY) by 76.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,500 shares of the company’s stock after selling 193,981 shares during the period. Janus Henderson Group PLC’s holdings in USA Today were worth $419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abel Hall LLC lifted its holdings in USA Today by 12.9% in the 1st quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after purchasing an additional 1,660 shares in the last quarter. PFG Investments LLC grew its holdings in shares of USA Today by 3.2% during the first quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after buying an additional 1,700 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of USA Today by 0.6% during the first quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock worth $2,792,000 after buying an additional 2,287 shares in the last quarter. Legal & General Group Plc raised its position in shares of USA Today by 2.4% in the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock valued at $493,000 after buying an additional 3,193 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of USA Today by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock valued at $244,000 after buying an additional 3,588 shares during the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TDAY shares. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of USA Today in a research note on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. New Street Research set a $8.05 price objective on USA Today in a report on Friday, June 5th. Finally, Citigroup reiterated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, USA Today currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.03.

USA Today Stock Down 2.6%

Shares of NYSE:TDAY opened at $7.06 on Tuesday. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81. USA Today Co. has a 1 year low of $3.42 and a 1 year high of $9.21. The stock has a market capitalization of $1.04 billion, a P/E ratio of -23.53 and a beta of 1.40. The stock has a 50-day simple moving average of $8.28 and a 200-day simple moving average of $7.28.

USA Today Profile

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.