USA Today Co. $TDAY Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in USA Today Co. (NYSE:TDAY) by 954.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,462 shares of the company’s stock after buying an additional 147,062 shares during the quarter. Hsbc Holdings PLC’s holdings in USA Today were worth $1,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDAY. Two Seas Capital LP acquired a new position in shares of USA Today in the 4th quarter worth approximately $74,946,000. Alta Fundamental Advisers LLC acquired a new stake in shares of USA Today during the 4th quarter valued at approximately $58,346,000. Vanguard Group Inc. lifted its stake in USA Today by 2.0% during the third quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock worth $35,254,000 after purchasing an additional 164,690 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in USA Today during the fourth quarter worth $28,383,000. Finally, SG Americas Securities LLC acquired a new position in USA Today in the first quarter worth $35,972,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TDAY. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 target price on shares of USA Today in a research note on Thursday, June 4th. Citizens Jmp raised their price target on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings downgraded shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Citigroup reiterated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.03.

USA Today Stock Up 3.7%

Shares of USA Today stock opened at $8.62 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33. The business’s 50 day simple moving average is $8.17 and its 200-day simple moving average is $7.11. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 143.69 and a beta of 1.40. USA Today Co. has a twelve month low of $3.42 and a twelve month high of $8.90.

USA Today (NYSE:TDAY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (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 business had revenue of $548.49 million for the quarter, compared to the consensus estimate of $562.00 million. During the same quarter last year, the business posted ($0.05) EPS. The business’s revenue was down 4.0 on a year-over-year basis.

USA Today 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.