USA Today (NYSE:TDAY) Sets New 12-Month High – Here’s What Happened

Shares of USA Today Co. (NYSE:TDAY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $8.28 and last traded at $8.12, with a volume of 431493 shares trading hands. The stock had previously closed at $8.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TDAY shares. Citigroup boosted their price objective on shares of USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a research report on Friday. Citizens Jmp boosted their price objective on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research report on Friday, February 27th. New Street Research set a $8.05 price objective on shares of USA Today in a research report on Friday. Wall Street Zen downgraded shares of USA Today from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of USA Today in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, USA Today presently has an average rating of “Hold” and an average price target of $8.53.

USA Today Price Performance

The company has a market cap of $1.19 billion, a P/E ratio of 135.52 and a beta of 1.42. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79. The firm’s fifty day moving average is $7.37 and its two-hundred day moving average is $6.12.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TDAY. AQR Capital Management LLC boosted its holdings in USA Today by 47.6% in the 1st quarter. AQR Capital Management LLC now owns 566,994 shares of the company’s stock worth $1,639,000 after buying an additional 182,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 buying an additional 3,588 shares during the period. Empowered Funds LLC boosted its holdings in 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 period. Strs Ohio bought a new position in USA Today in the 1st quarter worth $187,000. Finally, Creative Planning boosted its holdings in USA Today by 110.9% in the 2nd quarter. Creative Planning now owns 79,251 shares of the company’s stock worth $284,000 after buying an additional 41,674 shares during the period. Institutional investors own 76.71% of the company’s stock.

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.