208,241 Shares in USA Today Co. $TDAY Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. purchased a new position in USA Today Co. (NYSE:TDAY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 208,241 shares of the company’s stock, valued at approximately $1,468,000.

Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of USA Today during the 4th quarter worth approximately $45,000. PharVision Advisers LLC purchased a new stake in USA Today in the third quarter worth $51,000. Russell Investments Group Ltd. lifted its position in shares of USA Today by 1,130.6% during 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 last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of USA Today during the fourth quarter worth $53,000. Finally, Focus Partners Wealth bought a new position in shares of USA Today in the third quarter worth about $54,000. Institutional investors own 76.71% of the company’s stock.

USA Today Price Performance

Shares of TDAY stock opened at $8.73 on Friday. USA Today Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.01. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 145.52 and a beta of 1.40. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79. The stock’s 50-day simple moving average is $8.22 and its 200-day simple moving average is $7.17.

USA Today (NYSE:TDAY) last announced its quarterly earnings data 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 firm had revenue of $548.49 million during the quarter, compared to analysts’ expectations of $562.00 million. During the same period last year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was down 4.0 compared to the same quarter last year.

Analysts Set New Price Targets

TDAY has been the subject of several research analyst reports. Weiss Ratings downgraded shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. New Street Research set a $8.05 price target on USA Today in a research report on Friday, June 5th. Citizens Jmp raised their price target on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $10.00 price objective on shares of USA Today in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.03.

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.