PEAK6 LLC Invests $1.09 Million in USA Today Co. $TDAY

PEAK6 LLC acquired a new position in shares of USA Today Co. (NYSE:TDAY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 127,299 shares of the company’s stock, valued at approximately $1,088,000. PEAK6 LLC owned approximately 0.09% of USA Today as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TDAY. Two Seas Capital LP purchased a new position in USA Today in the fourth quarter worth $74,946,000. Alta Fundamental Advisers LLC purchased a new stake in shares of USA Today during the 4th quarter valued at $58,346,000. BlackRock Inc. purchased a new stake in shares of USA Today during the 2nd quarter valued at $89,866,000. Goldman Sachs Group Inc. acquired a new stake in shares of USA Today in the 4th quarter worth $28,383,000. Finally, SG Americas Securities LLC acquired a new stake in shares of USA Today in the 1st quarter worth $35,972,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

USA Today Trading Up 0.8%

NYSE TDAY opened at $6.52 on Monday. USA Today Co. has a 1 year low of $3.42 and a 1 year high of $9.21. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. The company has a market capitalization of $957.27 million, a PE ratio of -21.73 and a beta of 1.40. The company has a fifty day moving average of $8.08 and a 200 day moving average of $7.33.

USA Today (NYSE:TDAY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter. The company 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%.

Wall Street Analyst Weigh In

A number of research firms have commented on TDAY. Wall Street Zen cut USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings restated a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. Citizens Jmp upped their price objective on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Tuesday, July 14th. Citigroup reaffirmed an “outperform” rating on shares of USA Today in a research report on Tuesday, July 14th. Finally, New Street Research set a $8.05 target price on shares of USA Today in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, USA Today presently has a consensus rating of “Moderate Buy” and an average price target of $9.03.

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.