Pingora Partners LLC Buys Shares of 257,169 USA Today Co. $TDAY

Pingora Partners LLC bought a new stake in USA Today Co. (NYSE:TDAY) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 257,169 shares of the company’s stock, valued at approximately $1,324,000. USA Today comprises about 0.8% of Pingora Partners LLC’s holdings, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. purchased a new position in USA Today in the fourth quarter valued at about $204,000. Barclays PLC purchased a new position in USA Today in the fourth quarter valued at about $1,133,000. The Manufacturers Life Insurance Company purchased a new position in USA Today in the fourth quarter valued at about $218,000. CANADA LIFE ASSURANCE Co purchased a new position in USA Today in the fourth quarter valued at about $76,000. Finally, Neuberger Berman Group LLC purchased a new position in USA Today in the fourth quarter valued at about $57,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Citigroup boosted their target price on shares of USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a research note on Friday, June 5th. New Street Research set a $8.05 target price on shares of USA Today in a research note on Friday, June 5th. Citizens Jmp boosted their target price on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research note on Friday, February 27th. Finally, Weiss Ratings cut shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.53.

USA Today Stock Performance

Shares of TDAY stock opened at $7.74 on Monday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 129.02 and a beta of 1.42. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33. The firm’s 50 day moving average is $7.46 and its 200 day moving average is $6.25. USA Today Co. has a 12 month low of $3.15 and a 12 month high of $8.28.

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.