PEAK6 LLC Takes Position in USA Today Co. $TDAY

PEAK6 LLC bought a new stake in USA Today Co. (NYSE:TDAY) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 127,299 shares of the company’s stock, valued at approximately $1,088,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Seas Capital LP acquired a new stake in USA Today during the fourth quarter valued at $74,946,000. Alta Fundamental Advisers LLC acquired a new position in shares of USA Today in the fourth quarter worth about $58,346,000. BlackRock Inc. purchased a new stake in shares of USA Today during the 2nd quarter worth about $89,866,000. Goldman Sachs Group Inc. purchased a new stake in shares of USA Today during the 4th quarter worth about $28,383,000. Finally, SG Americas Securities LLC acquired a new stake in shares of USA Today during the 1st quarter valued at about $35,972,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TDAY. Citigroup restated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Citizens Jmp boosted their price objective on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. Wall Street Zen lowered USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, New Street Research set a $8.05 price target on shares of USA Today in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.03.

USA Today Trading Up 0.8%

Shares of USA Today stock opened at $6.52 on Monday. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $8.08 and its 200-day simple moving average is $7.33. The stock has a market cap of $957.27 million, a P/E ratio of -21.73 and a beta of 1.40. USA Today Co. has a 1-year low of $3.42 and a 1-year high of $9.21.

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

USA Today Company 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.