Two Seas Capital LP Purchases New Position in USA Today Co. $TDAY

Two Seas Capital LP purchased a new stake in USA Today Co. (NYSE:TDAY) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,552,621 shares of the company’s stock, valued at approximately $74,946,000. USA Today accounts for approximately 1.5% of Two Seas Capital LP’s portfolio, making the stock its 8th largest position. Two Seas Capital LP owned approximately 0.10% of USA Today at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of USA Today in the 3rd quarter valued at approximately $45,000. Nisa Investment Advisors LLC acquired a new stake in shares of USA Today in the 4th quarter valued at approximately $57,000. PharVision Advisers LLC acquired a new stake in shares of USA Today in the 3rd quarter valued at approximately $51,000. Russell Investments Group Ltd. raised its holdings in USA Today by 1,130.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock worth $53,000 after buying an additional 11,713 shares during the period. Finally, Focus Partners Wealth acquired a new stake in USA Today during the 3rd quarter worth approximately $54,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on TDAY shares. Weiss Ratings downgraded shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Citigroup lifted their price objective on shares of USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a report on Friday. Citizens Jmp lifted their price objective on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a report on Friday, February 27th. New Street Research set a $8.05 price objective on shares of USA Today in a report on Friday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of USA Today in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.53.

USA Today Stock Down 0.5%

TDAY stock opened at $8.13 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 6.33. The company has a market cap of $1.19 billion, a PE ratio of 135.52 and a beta of 1.42. USA Today Co. has a 52 week low of $3.15 and a 52 week high of $8.28. The business has a 50-day simple moving average of $7.37 and a 200 day simple moving average of $6.12.

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.