USA Today (NYSE:TDAY) Hits New 52-Week High – Here’s Why

USA Today Co. (NYSE:TDAY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $7.82 and last traded at $7.75, with a volume of 37301 shares traded. The stock had previously closed at $7.73.

Analysts Set New Price Targets

A number of research analysts have issued reports on TDAY shares. Rosenblatt Securities assumed coverage on shares of USA Today in a research note on Thursday, February 12th. They set a “buy” rating and a $10.00 price target on the stock. Citigroup reissued a “neutral” rating on shares of USA Today in a research report on Monday, February 2nd. Weiss Ratings lowered USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Citizens Jmp lifted their price target on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a research report on Friday, February 27th. Finally, Wall Street Zen upgraded USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, USA Today presently has a consensus rating of “Hold” and an average target price of $7.70.

USA Today Stock Down 0.1%

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 $7.13 and its 200-day simple moving average is $5.96. The company has a market capitalization of $1.13 billion, a PE ratio of 128.69 and a beta of 1.42.

USA Today (NYSE:TDAY) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.21) EPS for the quarter. The business had revenue of $585.00 million during the quarter. USA Today had a net margin of 1.27% and a return on equity of 21.75%.

Institutional Investors Weigh In On USA Today

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of USA Today by 47.6% during the 1st quarter. AQR Capital Management LLC now owns 566,994 shares of the company’s stock valued at $1,639,000 after buying an additional 182,824 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of USA Today by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after buying an additional 3,588 shares during the last quarter. Empowered Funds LLC grew its holdings in USA Today by 2.0% during the first quarter. Empowered Funds LLC now owns 951,925 shares of the company’s stock worth $2,751,000 after acquiring an additional 18,933 shares during the period. Strs Ohio acquired a new stake in USA Today during the first quarter worth about $187,000. Finally, Creative Planning raised its position in USA Today by 110.9% during the second quarter. Creative Planning now owns 79,251 shares of the company’s stock valued at $284,000 after acquiring an additional 41,674 shares in the last quarter. 76.71% of the stock is owned by institutional investors and hedge funds.

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.