UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 170,157 Shares of USA Today Co. $TDAY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in USA Today Co. (NYSE:TDAY) by 38.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,362 shares of the company’s stock after selling 170,157 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of USA Today worth $2,294,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. KBC Group NV purchased a new stake in shares of USA Today in the 1st quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new position in USA Today during the 4th quarter valued at about $45,000. PharVision Advisers LLC bought a new stake in USA Today during the third quarter worth about $51,000. Public Employees Retirement Association of Colorado bought a new stake in USA Today during the fourth quarter worth about $53,000. Finally, Russell Investments Group Ltd. grew its holdings in USA Today by 1,130.6% in the third quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock worth $53,000 after purchasing an additional 11,713 shares during the period. Institutional investors own 76.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TDAY shares. New Street Research set a $8.05 target price on shares of USA Today in a report on Friday, June 5th. Weiss Ratings downgraded USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of USA Today in a research report on Friday, August 7th. Citigroup reiterated a “neutral” rating on shares of USA Today in a research note on Monday, August 24th. Finally, Citizens Jmp boosted their target price on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.03.

USA Today Trading Up 1.4%

Shares of NYSE TDAY opened at $6.38 on Friday. The firm’s 50 day moving average price is $7.53 and its 200-day moving average price is $7.36. 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 company has a market cap of $936.70 million, a PE ratio of -21.27 and a beta of 1.35.

USA Today (NYSE:TDAY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.07 EPS for the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.The company 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.