SG Americas Securities LLC Acquires 3,735,152 Shares of USA Today Co. $TDAY

SG Americas Securities LLC raised its holdings in shares of USA Today Co. (NYSE:TDAY) by 172.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,898,579 shares of the company’s stock after acquiring an additional 3,735,152 shares during the quarter. SG Americas Securities LLC’s holdings in USA Today were worth $26,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in shares of USA Today by 47.6% in the first quarter. AQR Capital Management LLC now owns 566,994 shares of the company’s stock worth $1,639,000 after acquiring an additional 182,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of USA Today by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock valued at $244,000 after purchasing an additional 3,588 shares during the period. Empowered Funds LLC lifted its holdings in USA Today by 2.0% during the 1st quarter. Empowered Funds LLC now owns 951,925 shares of the company’s stock worth $2,751,000 after purchasing an additional 18,933 shares in the last quarter. Strs Ohio purchased a new stake in USA Today during the 1st quarter worth about $187,000. Finally, Creative Planning boosted its stake in USA Today by 110.9% in the 2nd quarter. Creative Planning now owns 79,251 shares of the company’s stock worth $284,000 after purchasing an additional 41,674 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TDAY. Weiss Ratings raised USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 8th. Citigroup reissued a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Citizens Jmp boosted their price objective on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research note on Friday, February 27th. Rosenblatt Securities assumed coverage on shares of USA Today in a report on Thursday, February 12th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Wall Street Zen upgraded shares of USA Today from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, USA Today currently has an average rating of “Moderate Buy” and a consensus target price of $7.70.

USA Today Price Performance

USA Today stock opened at $6.70 on Friday. The stock has a market cap of $985.64 million, a price-to-earnings ratio of -60.90 and a beta of 1.58. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 5.72. The business has a 50-day simple moving average of $6.16 and a 200 day simple moving average of $5.05. USA Today Co. has a 52 week low of $2.55 and a 52 week high of $6.88.

USA Today (NYSE:TDAY) last released 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 0.08% and a return on equity of 5.68%.

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.