USA Today (NYSE:TDAY) Reaches New 52-Week High – Time to Buy?

Shares of USA Today Co. (NYSE:TDAY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.68 and last traded at $7.55, with a volume of 53291 shares changing hands. The stock had previously closed at $7.61.

Analyst Ratings Changes

Several brokerages recently issued reports on TDAY. Rosenblatt Securities began coverage on USA Today in a research report on Thursday, February 12th. They set a “buy” rating and a $10.00 price objective for the company. Wall Street Zen upgraded USA Today from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Citigroup reiterated a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Finally, Citizens Jmp boosted 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. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, USA Today has a consensus rating of “Hold” and an average target price of $7.70.

USA Today Price Performance

The company has a fifty day simple moving average of $7.00 and a two-hundred day simple moving average of $5.85. 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 company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 127.35 and a beta of 1.42.

USA Today (NYSE:TDAY) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share for the quarter. The business had revenue of $585.00 million during the quarter. USA Today had a net margin of 1.27% and a return on equity of 21.75%.

Institutional Trading of USA Today

Several institutional investors have recently made changes to their positions in the stock. Abel Hall LLC grew its stake in shares of USA Today by 12.9% during the 1st quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after buying an additional 1,660 shares during the period. PFG Investments LLC grew its stake in shares of USA Today by 3.2% during the 1st quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock valued at $382,000 after buying an additional 1,700 shares during the period. First Trust Advisors LP grew its stake in shares of USA Today by 0.6% during the 1st quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock valued at $2,792,000 after buying an additional 2,287 shares during the period. Arizona State Retirement System grew its stake in shares of USA Today by 6.3% during the 3rd quarter. Arizona State Retirement System now owns 41,165 shares of the company’s stock valued at $170,000 after buying an additional 2,457 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of USA Today by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock valued at $493,000 after buying an additional 3,193 shares during the period. 76.71% of the stock is owned by hedge funds and other institutional investors.

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.