Invst LLC Takes Position in USA Today Co. $TDAY

Invst LLC bought a new position in shares of USA Today Co. (NYSE:TDAY) during the second quarter, HoldingsChannel reports. The fund bought 166,103 shares of the company’s stock, valued at approximately $1,420,000.

A number of other institutional investors have also modified their holdings of TDAY. KBC Group NV acquired a new stake in USA Today during the 1st quarter worth $31,000. Public Employees Retirement System of Ohio acquired a new position in USA Today in the fourth quarter valued at $45,000. PharVision Advisers LLC purchased a new stake in shares of USA Today in the third quarter valued at about $51,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of USA Today in the fourth quarter valued at about $53,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of USA Today by 1,130.6% during the third quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock worth $53,000 after buying an additional 11,713 shares during the period. 76.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TDAY. Wall Street Zen lowered USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of USA Today in a research report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of USA Today in a research note on Monday. Citizens Jmp boosted their target price on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Tuesday, July 14th. Finally, New Street Research set a $8.05 price target on USA Today in a research note on Friday, June 5th. Two research 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. Based on data from MarketBeat, USA Today has a consensus rating of “Hold” and a consensus target price of $9.03.

USA Today Stock Up 1.1%

Shares of NYSE:TDAY opened at $6.48 on Wednesday. USA Today Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.21. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 5.74. The firm’s 50-day simple moving average is $8.03 and its 200-day simple moving average is $7.34. The company has a market cap of $951.39 million, a price-to-earnings ratio of -21.60 and a beta of 1.40.

USA Today (NYSE:TDAY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $536.34 million for the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.

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.