Miller Value Partners LLC Takes Position in USA Today Co. $TDAY

Miller Value Partners LLC bought a new stake in shares of USA Today Co. (NYSE:TDAY) in the fourth quarter, Holdings Channel reports. The fund bought 3,403,345 shares of the company’s stock, valued at approximately $17,527,000. USA Today comprises 6.2% of Miller Value Partners LLC’s portfolio, making the stock its 4th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of USA Today during the 3rd quarter valued at approximately $45,000. 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. Caprock Group LLC bought a new position in shares of USA Today during the 3rd quarter valued at approximately $53,000. Finally, Public Employees Retirement Association of Colorado bought a new position in USA Today in the 4th quarter worth approximately $53,000. 76.71% of the stock is owned by institutional investors.

USA Today Stock Up 2.1%

TDAY opened at $7.92 on Thursday. The company has a 50 day moving average of $7.50 and a 200 day moving average of $6.32. The company has a market cap of $1.16 billion, a PE ratio of 132.02 and a beta of 1.42. USA Today Co. has a 12 month low of $3.15 and a 12 month high of $8.28. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. New Street Research set a $8.05 price objective on shares of USA Today in a report on Friday, June 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of USA Today in a report on Thursday, June 4th. 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 report on Friday, February 27th. Finally, Citigroup raised their price objective on shares of USA Today from $6.75 to $8.05 and gave the stock a “neutral” rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.53.

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.