USA Today Co. $TDAY Stock Holdings Lessened by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its position in shares of USA Today Co. (NYSE:TDAY) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,127,154 shares of the company’s stock after selling 110,100 shares during the quarter. Hennessy Advisors Inc.’s holdings in USA Today were worth $7,090,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Two Seas Capital LP bought a new stake in shares of USA Today in the second quarter worth about $120,301,000. BlackRock Inc. bought a new position in USA Today during the 2nd quarter valued at approximately $89,866,000. Bank of America Corp DE bought a new position in USA Today during the 2nd quarter valued at approximately $29,881,000. Whitefort Capital Management LP bought a new position in USA Today during the 2nd quarter valued at approximately $17,141,322. Finally, Jefferies Financial Group Inc. purchased a new stake in USA Today in the 2nd quarter worth approximately $17,100,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

USA Today Stock Performance

Shares of TDAY opened at $6.19 on Monday. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. USA Today Co. has a one year low of $4.33 and a one year high of $9.21. The company has a 50-day simple moving average of $6.62 and a two-hundred day simple moving average of $7.06. The firm has a market capitalization of $908.82 million, a PE ratio of -20.63 and a beta of 1.52.

Analyst Ratings Changes

TDAY has been the topic of a number of recent analyst reports. Citigroup reiterated a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of USA Today in a report on Friday, August 7th. Wall Street Zen lowered USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Citizens Jmp raised their price target on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings cut shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. 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 stock. According to MarketBeat, USA Today currently has an average rating of “Hold” and a consensus price target of $9.03.

USA Today Company Profile

USA TODAY is a national news and media brand owned by Gannett Co, Inc It publishes news and analysis through its website, mobile applications and print newspaper, covering national and international events as well as politics, sports, business, entertainment, lifestyle and consumer topics.

Founded in 1982, USA TODAY was developed as a broadly accessible national newspaper and has expanded into a digital-first media operation. Its content is distributed through online articles, video, podcasts, newsletters and other digital formats, in addition to its print edition.

USA TODAY also operates within Gannett’s broader network of local newspapers and digital publications, serving readers across the United States.