Alta Fundamental Advisers LLC Acquires Shares of 11,329,268 USA Today Co. $TDAY

Alta Fundamental Advisers LLC acquired a new stake in shares of USA Today Co. (NYSE:TDAY) in the 4th quarter, HoldingsChannel reports. The firm acquired 11,329,268 shares of the company’s stock, valued at approximately $58,346,000. USA Today comprises about 26.5% of Alta Fundamental Advisers LLC’s portfolio, making the stock its biggest holding. Alta Fundamental Advisers LLC owned 0.08% of USA Today as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings in shares of USA Today by 6.3% in the 3rd quarter. Arizona State Retirement System now owns 41,165 shares of the company’s stock worth $170,000 after acquiring an additional 2,457 shares during the period. Legal & General Group Plc grew its holdings in shares of USA Today by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after acquiring an additional 3,193 shares during the period. State of Wyoming grew its holdings in shares of USA Today by 8.0% in the 3rd quarter. State of Wyoming now owns 48,493 shares of the company’s stock worth $200,000 after acquiring an additional 3,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of USA Today by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after acquiring an additional 3,588 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of USA Today by 37.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 16,290 shares of the company’s stock worth $69,000 after acquiring an additional 4,452 shares during the period. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TDAY. Wall Street Zen raised USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of USA Today in a research note on Thursday. Citizens Jmp upped their target price on 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 lowered 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 data from MarketBeat.com, USA Today has an average rating of “Hold” and a consensus target price of $7.70.

USA Today Stock Up 2.6%

Shares of NYSE TDAY opened at $8.16 on Friday. USA Today Co. has a 52-week low of $3.15 and a 52-week high of $8.21. The firm has a fifty day moving average of $7.34 and a 200-day moving average of $6.11. The stock has a market capitalization of $1.20 billion, a PE ratio of 136.02 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 6.33.

USA Today Company 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.