USA Today (NYSE:TDAY) Stock Passes Above Fifty Day Moving Average – Should You Sell?

USA Today Co. (NYSE:TDAY)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.00 and traded as high as $7.63. USA Today shares last traded at $7.60, with a volume of 918,944 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on TDAY shares. Citigroup restated a “neutral” rating on shares of USA Today in a research report on Monday, February 2nd. Rosenblatt Securities began coverage on USA Today in a research note on Thursday, February 12th. They set a “buy” rating and a $10.00 target price for the company. Weiss Ratings downgraded USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Citizens Jmp upped their target price on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a research note on Friday, February 27th. Finally, Wall Street Zen raised USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.70.

USA Today Trading Up 2.8%

The company has a 50 day moving average of $7.00 and a 200 day 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 stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 126.69 and a beta of 1.42.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Two Seas Capital LP acquired a new position in USA Today in the 4th quarter valued at $74,946,000. Alta Fundamental Advisers LLC purchased a new stake in USA Today in the 4th quarter valued at $58,346,000. Vanguard Group Inc. grew its holdings in USA Today by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock valued at $35,254,000 after buying an additional 164,690 shares in the last quarter. SG Americas Securities LLC grew its holdings in USA Today by 172.6% in the 4th quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock valued at $26,839,000 after buying an additional 3,735,152 shares in the last quarter. Finally, Cooperman Leon G grew its holdings in USA Today by 0.4% in the 3rd quarter. Cooperman Leon G now owns 5,867,209 shares of the company’s stock valued at $24,232,000 after buying an additional 23,151 shares in the last quarter. 76.71% of the stock is owned by institutional investors and hedge funds.

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.