Steamboat Capital Partners LLC Has $4.17 Million Position in USA Today Co. $TDAY

Steamboat Capital Partners LLC boosted its holdings in USA Today Co. (NYSE:TDAY) by 40.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 487,213 shares of the company’s stock after acquiring an additional 140,512 shares during the quarter. Steamboat Capital Partners LLC’s holdings in USA Today were worth $4,166,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LP grew its position in USA Today by 23.3% in the second quarter. Corient Private Wealth LP now owns 14,798 shares of the company’s stock valued at $127,000 after acquiring an additional 2,793 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of USA Today during the second quarter valued at $573,000. California State Teachers Retirement System boosted its stake in shares of USA Today by 914.5% in the 2nd quarter. California State Teachers Retirement System now owns 1,302,900 shares of the company’s stock valued at $11,140,000 after purchasing an additional 1,174,473 shares in the last quarter. Round Rock Advisors LLC acquired a new stake in shares of USA Today in the 2nd quarter valued at $2,131,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of USA Today in the 2nd quarter worth about $10,579,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

USA Today Trading Up 1.6%

TDAY stock opened at $6.43 on Wednesday. The company has a market cap of $944.04 million, a P/E ratio of -21.43 and a beta of 1.35. USA Today Co. has a twelve month low of $3.42 and a twelve month high of $9.21. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 5.74. The business has a fifty day moving average of $7.68 and a 200-day moving average of $7.37.

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. 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%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of USA Today in a report on Friday, August 7th. Citizens Jmp increased their price target on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 14th. Citigroup reaffirmed a “neutral” rating on shares of USA Today in a report on Monday, August 24th. Wall Street Zen downgraded USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.