Jefferies Financial Group Inc. Invests $17.10 Million in USA Today Co. $TDAY

Jefferies Financial Group Inc. purchased a new stake in shares of USA Today Co. (NYSE:TDAY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,000,000 shares of the company’s stock, valued at approximately $17,100,000.

A number of other hedge funds have also recently added to or reduced their stakes in TDAY. KBC Group NV bought a new position in USA Today during the first quarter valued at approximately $31,000. Public Employees Retirement System of Ohio bought a new stake in USA Today in the second quarter worth approximately $62,000. Freestone Grove Partners LP acquired a new position in shares of USA Today during the 2nd quarter worth $81,000. Public Employees Retirement Association of Colorado bought a new position in shares of USA Today during the 4th quarter valued at $53,000. Finally, L2 Asset Management LLC acquired a new stake in shares of USA Today in the 2nd quarter valued at $90,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TDAY. Citizens Jmp increased their target price on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of USA Today in a research report on Friday, August 7th. Weiss Ratings reiterated 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 target on USA Today in a research note on Friday, June 5th. Finally, Wall Street Zen lowered USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.03.

USA Today Price Performance

Shares of NYSE:TDAY opened at $6.40 on Friday. The company has a market cap of $939.65 million, a price-to-earnings ratio of -21.33 and a beta of 1.40. The business has a 50 day moving average price of $7.97 and a 200 day moving average price of $7.35. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 5.74. USA Today Co. has a twelve month low of $3.42 and a twelve month high of $9.21.

USA Today (NYSE:TDAY) last issued 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 company had revenue of $536.34 million for the quarter.

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.