Lee Danner & Bass Inc. Makes New Investment in USA Today Co. $TDAY

Lee Danner & Bass Inc. bought a new position in USA Today Co. (NYSE:TDAY) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 84,552 shares of the company’s stock, valued at approximately $596,000. Lee Danner & Bass Inc. owned about 0.06% of USA Today as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in USA Today by 47.6% in the 1st quarter. AQR Capital Management LLC now owns 566,994 shares of the company’s stock valued at $1,639,000 after purchasing an additional 182,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of USA Today by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after purchasing an additional 3,588 shares during the period. Empowered Funds LLC boosted its holdings in shares of USA Today by 2.0% in the 1st quarter. Empowered Funds LLC now owns 951,925 shares of the company’s stock worth $2,751,000 after buying an additional 18,933 shares during the last quarter. Strs Ohio bought a new position in USA Today during the first quarter valued at about $187,000. Finally, Creative Planning grew its position in USA Today by 110.9% during the second quarter. Creative Planning now owns 79,251 shares of the company’s stock valued at $284,000 after buying an additional 41,674 shares during the period. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDAY has been the topic of several research reports. Weiss Ratings lowered shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. New Street Research set a $8.05 target price on shares of USA Today in a research report on Friday, June 5th. Citigroup lifted their price target on shares of 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 downgraded USA Today from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of USA Today in a report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, USA Today currently has an average rating of “Hold” and a consensus target price of $8.53.

USA Today Stock Up 0.7%

USA Today stock opened at $8.89 on Monday. The firm has a 50 day simple moving average of $7.78 and a 200 day simple moving average of $6.63. 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 Co. has a 1-year low of $3.42 and a 1-year high of $8.90. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 148.19 and a beta of 1.40.

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

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.