USA Today Co. $TDAY Stock Position Increased by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC boosted its position in shares of USA Today Co. (NYSE:TDAY) by 40.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 487,213 shares of the company’s stock after buying an additional 140,512 shares during the quarter. Steamboat Capital Partners LLC owned 0.33% of USA Today worth $4,166,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of USA Today during the first quarter worth $1,532,000. Principal Financial Group Inc. purchased a new position in USA Today in the 1st quarter worth about $1,468,000. Whitefort Capital Management LP acquired a new stake in USA Today during the 2nd quarter worth about $17,141,322. Lee Danner & Bass Inc. purchased a new stake in USA Today during the first quarter valued at about $596,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of USA Today by 954.9% in the first quarter. Hsbc Holdings PLC now owns 162,462 shares of the company’s stock worth $1,147,000 after buying an additional 147,062 shares during the period. 76.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of USA Today in a research report on Friday, August 7th. Citizens Jmp boosted their target price on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 14th. Citigroup restated a “neutral” rating on shares of USA Today in a report on Monday, August 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of USA Today in a report on Monday, August 3rd. Finally, New Street Research set a $8.05 price target on USA Today in a research report on Friday, June 5th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, USA Today presently has a consensus rating of “Hold” and a consensus target price of $9.03.

USA Today Stock Performance

Shares of TDAY stock opened at $6.43 on Wednesday. USA Today Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.21. The stock’s 50-day moving average is $7.68 and its two-hundred day moving average is $7.37. 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 firm has a market cap of $944.04 million, a P/E ratio of -21.43 and a beta of 1.35.

USA Today (NYSE:TDAY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter. USA Today had a negative net margin of 1.81% and a negative return on equity of 21.13%. The business 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.