USA Today (NYSE:TDAY) Hits New 12-Month High – Here’s What Happened

Shares of USA Today Co. (NYSE:TDAY) reached a new 52-week high during trading on Thursday . The stock traded as high as $6.17 and last traded at $6.08, with a volume of 288428 shares trading hands. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TDAY shares. Wall Street Zen lowered shares of USA Today from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings upgraded USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 8th. Finally, Citigroup upped their target price on USA Today from $4.30 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.55.

USA Today Trading Up 1.8%

The firm has a 50-day moving average of $4.70 and a two-hundred day moving average of $4.26. The firm has a market capitalization of $900.31 million, a P/E ratio of 29.14 and a beta of 1.52. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 4.66.

USA Today (NYSE:TDAY) last issued its earnings results on Thursday, October 30th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). USA Today had a return on equity of 42.98% and a net margin of 4.11%.The business had revenue of $560.80 million for the quarter, compared to analyst estimates of $575.58 million.

Institutional Investors Weigh In On USA Today

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Two Seas Capital LP raised its position in USA Today by 26.3% in the third quarter. Two Seas Capital LP now owns 14,180,621 shares of the company’s stock valued at $58,566,000 after purchasing an additional 2,950,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of USA Today by 2.0% in the third quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock valued at $35,254,000 after buying an additional 164,690 shares during the period. SG Americas Securities LLC raised its holdings in USA Today by 172.6% in the 4th quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock valued at $26,839,000 after buying an additional 3,735,152 shares during the last quarter. Cooperman Leon G boosted its position in USA Today by 0.4% during the 3rd quarter. Cooperman Leon G now owns 5,867,209 shares of the company’s stock worth $24,232,000 after buying an additional 23,151 shares during the period. Finally, Nomura Holdings Inc. grew its holdings in USA Today by 721.0% during the 2nd quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company’s stock worth $12,602,000 after acquiring an additional 3,091,333 shares during the last quarter. Institutional investors own 76.71% of the company’s stock.

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.