3,403,345 Shares in USA Today Co. $TDAY Purchased by Miller Value Partners LLC

Miller Value Partners LLC bought a new position in USA Today Co. (NYSE:TDAY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,403,345 shares of the company’s stock, valued at approximately $17,527,000. USA Today comprises 6.2% of Miller Value Partners LLC’s portfolio, making the stock its 4th largest holding. Miller Value Partners LLC owned about 2.31% of USA Today at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Legal & General Group Plc raised its holdings in shares of USA Today by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after acquiring an additional 3,193 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of USA Today by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after acquiring an additional 3,588 shares during the last quarter. Jones Financial Companies Lllp increased its stake in USA Today by 37.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 16,290 shares of the company’s stock valued at $69,000 after buying an additional 4,452 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in USA Today by 3.8% in the 2nd quarter. SkyView Investment Advisors LLC now owns 139,339 shares of the company’s stock valued at $499,000 after buying an additional 5,112 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in USA Today by 72.0% in the 2nd quarter. Prudential Financial Inc. now owns 18,062 shares of the company’s stock valued at $65,000 after buying an additional 7,562 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Wall Street Analysts Forecast Growth

TDAY has been the subject of several analyst reports. Citizens Jmp increased 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. New Street Research set a $8.05 price objective on shares of USA Today in a research note on Friday, June 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of USA Today in a research note on Thursday, June 4th. Citigroup increased their price objective on shares of USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a research note on Friday, June 5th. Finally, Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, USA Today has an average rating of “Hold” and a consensus target price of $8.53.

USA Today Trading Up 2.1%

NYSE:TDAY opened at $7.92 on Thursday. USA Today Co. has a 52 week low of $3.15 and a 52 week high of $8.28. The firm has a 50-day moving average price of $7.50 and a two-hundred day moving average price of $6.32. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 132.02 and a beta of 1.42. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79.

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.