USA Today (NYSE:TDAY) Hits New 1-Year High – Still a Buy?

USA Today Co. (NYSE:TDAY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $8.31 and last traded at $8.30, with a volume of 359773 shares. The stock had previously closed at $7.94.

Analyst Ratings Changes

Several research firms have recently issued reports on TDAY. 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 “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Citigroup increased their target price on USA Today from $6.75 to $8.05 and gave the stock a “neutral” rating in a research note on Friday, June 5th. Citizens Jmp raised their price target on USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a report on Friday, February 27th. Finally, Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.53.

USA Today Stock Performance

The company has a market capitalization of $1.23 billion, a PE ratio of 139.36 and a beta of 1.42. The business’s fifty day moving average is $7.61 and its two-hundred day moving average is $6.46. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33.

USA Today (NYSE:TDAY) last issued its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.17. The business had revenue of $548.49 million for the quarter, compared to the consensus estimate of $562.00 million. USA Today had a return on equity of 21.75% and a net margin of 1.27%.The company’s revenue was down 4.0 compared to the same quarter last year. During the same period last year, the business posted ($0.05) EPS.

Institutional Investors Weigh In On USA Today

Several large investors have recently bought and sold shares of TDAY. Two Seas Capital LP purchased a new position in USA Today in the 4th quarter worth about $74,946,000. Alta Fundamental Advisers LLC purchased a new position in shares of USA Today during the fourth quarter valued at approximately $58,346,000. Vanguard Group Inc. lifted its position in USA Today by 2.0% during the third quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock valued at $35,254,000 after purchasing an additional 164,690 shares during the period. SG Americas Securities LLC lifted its position in USA Today by 172.6% during the fourth quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock valued at $26,839,000 after purchasing an additional 3,735,152 shares during the period. Finally, Cooperman Leon G boosted its holdings in USA Today by 0.4% in the third quarter. Cooperman Leon G now owns 5,867,209 shares of the company’s stock worth $24,232,000 after purchasing an additional 23,151 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors.

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.