Whitefort Capital Management LP Makes New $17.14 Million Investment in USA Today Co. $TDAY

Whitefort Capital Management LP bought a new position in shares of USA Today Co. (NYSE:TDAY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,004,833 shares of the company’s stock, valued at approximately $17,141,322. USA Today makes up 0.0% of Whitefort Capital Management LP’s holdings, making the stock its 10th largest position. Whitefort Capital Management LP owned about 1.37% of USA Today at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TDAY. KBC Group NV acquired a new position in USA Today during the first quarter worth about $31,000. Public Employees Retirement System of Ohio acquired a new position in USA Today during the fourth quarter worth $45,000. Public Employees Retirement Association of Colorado acquired a new position in USA Today in the 4th quarter valued at $53,000. L2 Asset Management LLC bought a new stake in shares of USA Today during the second quarter worth $90,000. Finally, Cruiser Capital Advisors LLC bought a new position in shares of USA Today during the 4th quarter worth approximately $57,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. New Street Research set a $8.05 target price on shares of USA Today in a research report on Friday, June 5th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of USA Today in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of USA Today in a research note on Monday, August 3rd. Citizens Jmp upped their price objective on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen cut USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.03.

USA Today Price Performance

Shares of TDAY traded down $0.05 during trading hours on Friday, reaching $6.35. The stock had a trading volume of 999,057 shares, compared to its average volume of 1,831,250. The stock has a market capitalization of $932.31 million, a PE ratio of -21.17 and a beta of 1.40. USA Today Co. has a 12 month low of $3.42 and a 12 month high of $9.21. The company’s 50-day moving average is $7.97 and its two-hundred day moving average is $7.35. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81.

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

USA Today Company 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.