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

by · The Cerbat Gem

USA Today Co. (NYSE:TDAY – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $6.17 and last traded at $6.08, with a volume of 288428 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on TDAY

USA Today Trading Up 1.8%

The firm’s 50-day moving average price is $4.70 and its 200 day moving average price is $4.26. The company has a market cap of $900.31 million, a price-to-earnings 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 – Get Free Report) last issued its earnings results on Thursday, October 30th. The company reported ($0.21) earnings per share (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 company had revenue of $560.80 million for the quarter, compared to the consensus estimate of $575.58 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Seas Capital LP grew its stake in USA Today by 79.6% in the second quarter. Two Seas Capital LP now owns 11,230,621 shares of the company’s stock valued at $40,206,000 after acquiring an additional 4,978,515 shares during the period. SG Americas Securities LLC increased its stake in USA Today by 172.6% during the 4th quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock valued at $26,839,000 after purchasing an additional 3,735,152 shares in the last quarter. Nomura Holdings Inc. raised its holdings in USA Today by 721.0% during the second quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company’s stock worth $12,602,000 after buying an additional 3,091,333 shares during the last quarter. Shah Capital Management bought a new position in shares of USA Today in the fourth quarter valued at $9,270,000. Finally, Aurelius Capital Management LP bought a new position in shares of USA Today in the second quarter valued at $4,173,000. Institutional investors own 76.71% of the company’s stock.

USA Today Company Profile

(Get Free Report)

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.

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