Teacher Retirement System of Texas Increases Stock Position in USA Today Co. $TDAY

Teacher Retirement System of Texas lifted its position in shares of USA Today Co. (NYSE:TDAY) by 3,493.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 725,629 shares of the company’s stock after purchasing an additional 705,436 shares during the quarter. Teacher Retirement System of Texas’ holdings in USA Today were worth $2,997,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TDAY. Two Seas Capital LP boosted its position in shares of USA Today by 79.6% in the second quarter. Two Seas Capital LP now owns 11,230,621 shares of the company’s stock worth $40,206,000 after buying an additional 4,978,515 shares during the period. Nomura Holdings Inc. raised its position in shares of USA Today by 721.0% in the 2nd quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company’s stock valued at $12,602,000 after purchasing an additional 3,091,333 shares in the last quarter. Aurelius Capital Management LP bought a new position in USA Today during the 2nd quarter valued at $4,173,000. AQR Capital Management LLC lifted its position in shares of USA Today by 94.1% during the second quarter. AQR Capital Management LLC now owns 1,100,514 shares of the company’s stock worth $3,940,000 after purchasing an additional 533,520 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of USA Today by 386.9% in the 2nd quarter. Bank of America Corp DE now owns 528,695 shares of the company’s stock valued at $1,893,000 after acquiring an additional 420,106 shares during the last quarter. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on TDAY shares. Weiss Ratings upgraded USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 8th. Citigroup raised their price target on USA Today from $4.30 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen downgraded shares of USA Today from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, USA Today has a consensus rating of “Hold” and an average price target of $5.10.

USA Today Trading Down 2.2%

NYSE TDAY opened at $5.84 on Thursday. USA Today Co. has a 1-year low of $2.55 and a 1-year high of $6.22. The firm’s fifty day simple moving average is $4.92 and its 200-day simple moving average is $4.42. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 4.66. The company has a market capitalization of $859.12 million, a PE ratio of 27.81 and a beta of 1.52.

USA Today (NYSE:TDAY) last posted its earnings results on Thursday, October 30th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $560.80 million during the quarter, compared to analyst estimates of $575.58 million. USA Today had a return on equity of 42.98% and a net margin of 4.11%.

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.