UBS Group AG Makes New $4.26 Million Investment in USA Today Co. $TDAY

UBS Group AG purchased a new position in shares of USA Today Co. (NYSE:TDAY) in the fourth quarter, Holdings Channel reports. The fund purchased 827,669 shares of the company’s stock, valued at approximately $4,262,000.

Other institutional investors also recently bought and sold shares of the company. Shah Capital Management purchased a new position in USA Today during the 4th quarter worth approximately $9,270,000. JPMorgan Chase & Co. raised its position in USA Today by 111.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 928,100 shares of the company’s stock worth $3,833,000 after buying an additional 488,229 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of USA Today by 3,493.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 725,629 shares of the company’s stock worth $2,997,000 after purchasing an additional 705,436 shares during the period. SG Americas Securities LLC grew its stake in shares of USA Today by 172.6% during the 4th quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock worth $26,839,000 after purchasing an additional 3,735,152 shares during the period. Finally, PFG Investments LLC grew its stake in shares of USA Today by 7.6% during the 3rd quarter. PFG Investments LLC now owns 70,453 shares of the company’s stock worth $291,000 after purchasing an additional 5,000 shares during the period. 76.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Citizens Jmp raised their price objective on shares of USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a research note on Friday, February 27th. Rosenblatt Securities assumed coverage on shares of USA Today in a research note on Thursday, February 12th. They set a “buy” rating and a $10.00 price objective on the stock. Wall Street Zen raised shares of USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of USA Today in a research note on Monday, February 2nd. Two equities research 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 MarketBeat.com, USA Today presently has an average rating of “Hold” and an average price target of $7.70.

USA Today Price Performance

Shares of NYSE TDAY opened at $7.52 on Friday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 125.35 and a beta of 1.42. USA Today Co. has a 12 month low of $3.15 and a 12 month high of $7.80. The firm’s 50 day simple moving average is $7.08 and its 200-day simple moving average is $5.92. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77.

USA Today (NYSE:TDAY) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share (EPS) for the quarter. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The company had revenue of $585.00 million during the quarter.

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.