USA Today (NYSE:TDAY) Hits New 52-Week High – Here’s Why

USA Today Co. (NYSE:TDAY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $7.82 and last traded at $7.75, with a volume of 37301 shares traded. The stock had previously closed at $7.73.

Wall Street Analyst Weigh In

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

USA Today Stock Performance

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 firm’s 50 day moving average is $7.13 and its 200-day moving average is $5.96. The company has a market cap of $1.13 billion, a PE ratio of 128.69 and a beta of 1.42.

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

Institutional Investors Weigh In On USA Today

Several hedge funds and other institutional investors have recently bought and sold shares of TDAY. Two Seas Capital LP purchased a new position in USA Today during the fourth quarter worth about $74,946,000. Alta Fundamental Advisers LLC purchased a new stake in shares of USA Today during the 4th quarter valued at approximately $58,346,000. Goldman Sachs Group Inc. acquired a new position in USA Today in the fourth quarter valued at approximately $28,383,000. SG Americas Securities LLC purchased a new position in USA Today in the first quarter worth approximately $35,972,000. Finally, Whitefort Capital Management LP acquired a new stake in USA Today during the fourth quarter worth $24,590,000. 76.71% of the stock is currently 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.