Round Rock Advisors LLC Makes New $2.13 Million Investment in USA Today Co. $TDAY

Round Rock Advisors LLC purchased a new stake in USA Today Co. (NYSE:TDAY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 249,273 shares of the company’s stock, valued at approximately $2,131,000.

A number of other institutional investors also recently modified their holdings of the company. Abel Hall LLC boosted its position in shares of USA Today by 12.9% during the first quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock worth $102,000 after buying an additional 1,660 shares during the period. PFG Investments LLC raised its position in USA Today by 3.2% in the 1st quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock valued at $382,000 after buying an additional 1,700 shares during the last quarter. First Trust Advisors LP raised its position in USA Today by 0.6% in the 1st quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock valued at $2,792,000 after buying an additional 2,287 shares during the last quarter. Legal & General Group Plc lifted its stake in USA Today by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock valued at $493,000 after acquiring an additional 3,193 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in USA Today by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock valued at $244,000 after acquiring an additional 3,588 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TDAY has been the subject of several research reports. 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 note on Tuesday, July 14th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of USA Today in a research report on Friday, August 7th. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, USA Today presently has an average rating of “Hold” and an average price target of $9.03.

USA Today Stock Performance

Shares of NYSE TDAY opened at $6.33 on Thursday. The stock has a 50 day moving average price of $7.84 and a 200 day moving average price of $7.35. USA Today Co. has a 52 week low of $3.42 and a 52 week high of $9.21. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81. The stock has a market capitalization of $929.37 million, a PE ratio of -21.10 and a beta of 1.35.

USA Today (NYSE:TDAY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.The firm had revenue of $536.34 million for the quarter.

About USA Today

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.