Janus Henderson Group PLC Decreases Holdings in USA Today Co. $TDAY

Janus Henderson Group PLC reduced its stake in USA Today Co. (NYSE:TDAY) by 76.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,500 shares of the company’s stock after selling 193,981 shares during the period. Janus Henderson Group PLC’s holdings in USA Today were worth $419,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Two Seas Capital LP acquired a new position in shares of USA Today during the fourth quarter worth about $74,946,000. Alta Fundamental Advisers LLC acquired a new stake in shares of USA Today in the fourth quarter valued at about $58,346,000. Goldman Sachs Group Inc. acquired a new stake in shares of USA Today in the fourth quarter valued at about $28,383,000. SG Americas Securities LLC purchased a new stake in shares of USA Today during the 1st quarter valued at about $35,972,000. Finally, Whitefort Capital Management LP purchased a new stake in shares of USA Today during the 4th quarter valued at about $24,590,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on TDAY shares. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of USA Today in a research report on Friday. Citizens Jmp lifted their price objective 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. New Street Research set a $8.05 target price on shares of USA Today in a research report on Friday, June 5th. Citigroup restated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.03.

USA Today Stock Down 2.6%

Shares of NYSE:TDAY opened at $7.06 on Tuesday. The firm has a market cap of $1.04 billion, a PE ratio of -23.53 and a beta of 1.40. The company has a fifty day simple moving average of $8.28 and a 200 day simple moving average of $7.28. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74. USA Today Co. has a 12-month low of $3.42 and a 12-month high of $9.21.

USA Today 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.