USA Today (NYSE:TDAY) Reaches New 1-Year High – What’s Next?

Shares of USA Today Co. (NYSE:TDAY) reached a new 52-week high on Thursday . The stock traded as high as $8.89 and last traded at $8.88, with a volume of 1409865 shares traded. The stock had previously closed at $8.55.

Analysts Set New Price Targets

Several brokerages recently commented on TDAY. Weiss Ratings lowered USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Citigroup lifted their target price on USA Today from $6.75 to $8.05 and gave the stock a “neutral” rating in a report on Friday, June 5th. Wall Street Zen cut USA Today from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. New Street Research set a $8.05 price objective on shares of USA Today in a research report on Friday, June 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of USA Today in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, USA Today has a consensus rating of “Hold” and a consensus target price of $8.53.

USA Today Trading Up 3.9%

The firm has a fifty day moving average of $7.72 and a two-hundred day moving average of $6.57. The company has a market cap of $1.30 billion, a PE ratio of 148.02 and a beta of 1.40. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33.

USA Today (NYSE:TDAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.17. The business had revenue of $548.49 million for the quarter, compared to the consensus estimate of $562.00 million. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The company’s revenue was down 4.0 compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share.

Institutional Investors Weigh In On USA Today

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Abel Hall LLC boosted its holdings in shares of USA Today by 12.9% in the first quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock worth $102,000 after acquiring an additional 1,660 shares during the period. PFG Investments LLC boosted its stake in USA Today by 3.2% in the 1st quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after purchasing an additional 1,700 shares during the period. First Trust Advisors LP grew its holdings in USA Today by 0.6% during the 1st quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock valued at $2,792,000 after buying an additional 2,287 shares in the last quarter. Legal & General Group Plc increased its position in shares of USA Today by 2.4% during the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock valued at $493,000 after buying an additional 3,193 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of USA Today by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after buying an additional 3,588 shares in the last quarter. Institutional investors own 76.71% of the company’s stock.

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.