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

USA Today Co. (NYSE:TDAYGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $6.67 and last traded at $6.62, with a volume of 1164267 shares trading hands. The stock had previously closed at $6.51.

Key USA Today News

Here are the key news stories impacting USA Today this week:

Wall Street Analyst Weigh In

TDAY has been the topic of a number of recent research reports. Wall Street Zen raised USA Today from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings raised USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 8th. Citigroup restated a “neutral” rating on shares of USA Today in a research report on Monday, February 2nd. Citizens Jmp boosted their price target 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, Rosenblatt Securities initiated coverage on USA Today in a research report on Thursday, February 12th. They issued a “buy” rating and a $10.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Read Our Latest Analysis on USA Today

USA Today Price Performance

The stock has a market capitalization of $953.25 million, a P/E ratio of -58.90 and a beta of 1.58. The company’s 50 day simple moving average is $5.84 and its two-hundred day simple moving average is $4.87. The company has a debt-to-equity ratio of 5.72, a current ratio of 0.75 and a quick ratio of 0.73.

USA Today (NYSE:TDAYGet Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $585.00 million during the quarter. USA Today had a net margin of 0.08% and a return on equity of 5.68%.

Hedge Funds Weigh In On USA Today

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of USA Today by 47.6% during the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 purchasing an additional 3,588 shares during the last quarter. Empowered Funds LLC raised its position 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 purchasing an additional 18,933 shares during the last quarter. Strs Ohio acquired a new position in USA Today during the 1st quarter worth $187,000. Finally, Savant Capital LLC acquired a new position in USA Today during the 2nd quarter worth $50,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

About USA Today

(Get Free Report)

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.

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