Ieq Capital LLC Invests $975,000 in USA Today Co. $TDAY

Ieq Capital LLC acquired a new stake in shares of USA Today Co. (NYSE:TDAY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 114,055 shares of the company’s stock, valued at approximately $975,000. Ieq Capital LLC owned 0.08% of USA Today at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDAY. KBC Group NV bought a new stake in USA Today during the first quarter valued at about $31,000. Public Employees Retirement System of Ohio purchased a new position in shares of USA Today during the 4th quarter valued at about $45,000. PharVision Advisers LLC purchased a new position in shares of USA Today during the 3rd quarter valued at about $51,000. Russell Investments Group Ltd. grew its stake in shares of USA Today by 1,130.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock valued at $53,000 after acquiring an additional 11,713 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of USA Today during the 4th quarter valued at approximately $53,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

USA Today Price Performance

NYSE TDAY opened at $6.40 on Friday. The stock’s 50 day moving average is $7.97 and its 200 day moving average is $7.35. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74. USA Today Co. has a 12 month low of $3.42 and a 12 month high of $9.21. The stock has a market cap of $939.65 million, a PE ratio of -21.33 and a beta of 1.40.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on TDAY shares. New Street Research set a $8.05 target price on shares of USA Today in a research note on Friday, June 5th. Citizens Jmp increased their price objective 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. Citigroup restated a “neutral” rating on shares of USA Today in a research report on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Two 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 stock. According to data from MarketBeat.com, USA Today presently has a consensus rating of “Hold” and a consensus target price of $9.03.

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.