114,055 Shares in USA Today Co. $TDAY Purchased by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in shares of USA Today Co. (NYSE:TDAY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 114,055 shares of the company’s stock, valued at approximately $975,000.

Several other institutional investors have also added to or reduced their stakes in TDAY. KBC Group NV bought a new stake in USA Today in the 1st quarter worth approximately $31,000. Public Employees Retirement System of Ohio bought a new position in shares of USA Today during the 4th quarter valued at approximately $45,000. PharVision Advisers LLC bought a new position in shares of USA Today during the 3rd quarter valued at approximately $51,000. Public Employees Retirement Association of Colorado purchased a new position in shares of USA Today in the fourth quarter valued at $53,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of USA Today by 1,130.6% in the third quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock valued at $53,000 after purchasing an additional 11,713 shares in the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TDAY shares. Citigroup restated a “neutral” rating on shares of USA Today in a research report on Monday. Citizens Jmp lifted their price objective on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 14th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 target price on shares of USA Today in a report on Friday, August 7th. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, New Street Research set a $8.05 target price on shares of USA Today in a research report on Friday, June 5th. Two 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.com, the stock presently has an average rating of “Hold” and an average target price of $9.03.

USA Today Stock Performance

NYSE TDAY opened at $6.40 on Friday. The business’s 50 day moving average price is $7.97 and its 200-day moving average price is $7.35. USA Today Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.21. The company has a market cap of $939.65 million, a P/E ratio of -21.33 and a beta of 1.40. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81.

USA Today (NYSE:TDAY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $536.34 million during the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.

USA Today Company 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.