5,102,391 Shares in USA Today Co. $TDAY Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in USA Today Co. (NYSE:TDAY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,102,391 shares of the company’s stock, valued at approximately $35,972,000. SG Americas Securities LLC owned approximately 3.47% of USA Today at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in USA Today in the fourth quarter valued at $45,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of USA Today during the fourth quarter worth about $53,000. Nisa Investment Advisors LLC purchased a new stake in shares of USA Today in the 4th quarter valued at about $57,000. Cruiser Capital Advisors LLC acquired a new stake in shares of USA Today in the 4th quarter valued at about $57,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of USA Today in the 4th quarter valued at about $57,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TDAY shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of USA Today in a research report on Thursday, June 4th. Citigroup increased their price objective on USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a report on Friday, June 5th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings cut shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Citizens Jmp upped their price target 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. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.53.

USA Today Stock Up 3.1%

Shares of NYSE:TDAY opened at $8.00 on Wednesday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 133.36 and a beta of 1.42. The firm’s 50-day simple moving average is $7.58 and its 200-day simple moving average is $6.41. 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 Co. has a fifty-two week low of $3.32 and a fifty-two week high of $8.28.

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