UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 170,157 Shares of USA Today Co. $TDAY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of USA Today Co. (NYSE:TDAY) by 38.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,362 shares of the company’s stock after selling 170,157 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in USA Today were worth $2,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDAY. KBC Group NV bought a new stake in USA Today during the 1st quarter worth approximately $31,000. Public Employees Retirement System of Ohio bought a new stake in shares of USA Today during the 2nd quarter valued at $62,000. Freestone Grove Partners LP bought a new stake in shares of USA Today during the 2nd quarter valued at $81,000. Public Employees Retirement Association of Colorado purchased a new position in shares of USA Today during the 4th quarter valued at $53,000. Finally, L2 Asset Management LLC bought a new position in USA Today in the 2nd quarter worth $90,000. 76.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings downgraded USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of USA Today in a report on Friday, August 7th. Wall Street Zen downgraded USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. New Street Research set a $8.05 price objective on shares of USA Today in a report on Friday, June 5th. Finally, Citigroup reiterated a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.03.

USA Today Stock Performance

NYSE TDAY opened at $6.38 on Friday. The stock has a market capitalization of $936.70 million, a PE ratio of -21.27 and a beta of 1.35. The business has a 50 day simple moving average of $7.53 and a two-hundred day simple moving average of $7.36. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. USA Today Co. has a 1-year low of $3.42 and a 1-year high of $9.21.

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

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.