Pingora Partners LLC Invests $1.32 Million in USA Today Co. $TDAY

Pingora Partners LLC bought a new position in shares of USA Today Co. (NYSE:TDAY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 257,169 shares of the company’s stock, valued at approximately $1,324,000. USA Today makes up about 0.8% of Pingora Partners LLC’s portfolio, making the stock its 27th largest position. Pingora Partners LLC owned approximately 0.17% of USA Today at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of USA Today during the third quarter worth about $45,000. PharVision Advisers LLC bought a new stake in shares of USA Today during the third quarter worth about $51,000. Caprock Group LLC bought a new stake in shares of USA Today during the third quarter worth about $53,000. Russell Investments Group Ltd. increased its position in shares of USA Today by 1,130.6% during the third quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock worth $53,000 after acquiring an additional 11,713 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of USA Today during the third quarter worth about $54,000. 76.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TDAY shares. New Street Research set a $8.05 target price on shares of USA Today in a research report on Friday, June 5th. Weiss Ratings downgraded shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 target price on shares of USA Today in a research report on Thursday, June 4th. Citigroup boosted their target price on shares of USA Today from $6.75 to $8.05 and gave the stock a “neutral” rating in a research report on Friday, June 5th. Finally, Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, USA Today presently has a consensus rating of “Hold” and an average target price of $8.53.

USA Today Price Performance

USA Today stock opened at $7.74 on Monday. USA Today Co. has a fifty-two week low of $3.15 and a fifty-two week high of $8.28. The stock has a market cap of $1.14 billion, a PE ratio of 129.02 and a beta of 1.42. The firm’s 50-day simple moving average is $7.46 and its 200 day simple moving average is $6.25. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79.

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.