USA Today Co. $TDAY Stock Purchased by Two Seas Capital LP

Two Seas Capital LP grew its position in shares of USA Today Co. (NYSE:TDAY) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,504,707 shares of the company’s stock after buying an additional 434,396 shares during the quarter. USA Today accounts for 1.1% of Two Seas Capital LP’s holdings, making the stock its 12th biggest position. Two Seas Capital LP owned 0.10% of USA Today worth $91,235,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Whitefort Capital Management LP purchased a new position in USA Today in the second quarter worth $17,141,322. Bank of America Corp DE bought a new position in USA Today in the 2nd quarter valued at $29,881,000. Bank of New York Mellon Corp purchased a new stake in shares of USA Today during the 2nd quarter valued at $4,263,000. Round Rock Advisors LLC purchased a new stake in shares of USA Today during the 2nd quarter valued at $2,131,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of USA Today during the 1st quarter valued at $1,468,000. Institutional investors own 76.71% of the company’s stock.

USA Today Stock Performance

NYSE TDAY traded down $0.10 on Tuesday, hitting $7.33. 1,948,010 shares of the stock traded hands, compared to its average volume of 1,918,964. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81. The business’s fifty day moving average is $6.91 and its two-hundred day moving average is $7.40. USA Today Co. has a 12 month low of $3.42 and a 12 month high of $9.21. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -24.43 and a beta of 1.40.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TDAY shares. Citizens Jmp boosted their price target on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Weiss Ratings downgraded shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. Citigroup restated a “neutral” rating on shares of USA Today in a report on Monday, August 24th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 target price on shares of USA Today in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.03.

USA Today Profile

Gannett Co Inc invests in, owns, and operates local media assets in the United States. The company’s principal products include 125 daily newspapers with total paid circulation of approximately 1.4 million; 314 weekly newspapers with total paid circulation of approximately 315,000 and total free circulation of approximately 1.9 million; 124 shoppers with total circulation of approximately 3.0 million; and 538 locally-focused Websites, including Internet and mobile devices with approximately 224 million page views per month.