Whitefort Capital Management LP Acquires New Stake in USA Today Co. $TDAY

Whitefort Capital Management LP acquired a new stake in shares of USA Today Co. (NYSE:TDAY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,004,833 shares of the company’s stock, valued at approximately $17,141,322,000. USA Today accounts for 4.2% of Whitefort Capital Management LP’s portfolio, making the stock its 10th biggest holding. Whitefort Capital Management LP owned 1.37% of USA Today as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV purchased a new stake in shares of USA Today during the first quarter valued at $31,000. Public Employees Retirement System of Ohio bought a new stake in USA Today during the 4th quarter valued at about $45,000. Public Employees Retirement Association of Colorado purchased a new stake in USA Today in the 4th quarter valued at about $53,000. L2 Asset Management LLC purchased a new stake in USA Today in the 2nd quarter valued at about $90,000. Finally, Cruiser Capital Advisors LLC bought a new position in USA Today in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

USA Today Price Performance

Shares of TDAY opened at $6.48 on Wednesday. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81. The company has a 50 day moving average price of $8.03 and a 200-day moving average price of $7.34. USA Today Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.21. The stock has a market capitalization of $951.39 million, a PE ratio of -21.60 and a beta of 1.40.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TDAY shares. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of USA Today in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of USA Today in a research report on Monday, August 3rd. Citizens Jmp upped their target price on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded 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 price target on USA Today in a research note on Friday, June 5th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, USA Today currently has an average rating of “Hold” and a consensus target price of $9.03.

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.