84,552 Shares in USA Today Co. $TDAY Acquired by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. purchased a new stake in USA Today Co. (NYSE:TDAY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 84,552 shares of the company’s stock, valued at approximately $596,000.

Other hedge funds have also recently made changes to their positions in the company. Shah Capital Management bought a new stake in USA Today during the fourth quarter valued at approximately $9,270,000. JPMorgan Chase & Co. increased its holdings in shares of USA Today by 111.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 928,100 shares of the company’s stock worth $3,833,000 after buying an additional 488,229 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of USA Today by 172.6% in the 4th quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock worth $26,839,000 after buying an additional 3,735,152 shares during the last quarter. UBS Group AG purchased a new stake in shares of USA Today during the 4th quarter valued at $4,262,000. Finally, Two Seas Capital LP purchased a new stake in shares of USA Today during the 4th quarter valued at $74,946,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

USA Today Stock Performance

NYSE TDAY opened at $8.89 on Monday. The company has a 50-day simple moving average of $7.78 and a two-hundred day simple moving average of $6.63. 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 12-month low of $3.42 and a 12-month high of $8.90. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 148.19 and a beta of 1.40.

USA Today (NYSE:TDAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.17. USA Today had a return on equity of 21.75% and a net margin of 1.27%.The firm had revenue of $548.49 million for the quarter, compared to the consensus estimate of $562.00 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The company’s quarterly revenue was down 4.0 on a year-over-year basis.

Analysts Set New Price Targets

Several brokerages recently issued reports on TDAY. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. New Street Research set a $8.05 price target on USA Today in a research note on Friday, June 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of USA Today in a report on Thursday, June 4th. Weiss Ratings downgraded USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Citigroup upped their target price on USA Today from $6.75 to $8.05 and gave the stock a “neutral” rating in a research note on Friday, June 5th. 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’s stock. According to data from MarketBeat, USA Today currently has an average rating of “Hold” and an average price target of $8.53.

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.