Whitefort Capital Management LP Takes Position in USA Today Co. $TDAY

Whitefort Capital Management LP acquired a new position in USA Today Co. (NYSE:TDAY) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,004,833 shares of the company’s stock, valued at approximately $17,141,322,000. USA Today makes up about 4.2% of Whitefort Capital Management LP’s holdings, making the stock its 10th biggest holding.

Several other large investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in USA Today by 47.6% during the first quarter. AQR Capital Management LLC now owns 566,994 shares of the company’s stock valued at $1,639,000 after acquiring an additional 182,824 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of USA Today by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after purchasing an additional 3,588 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of USA Today by 2.0% during the 1st quarter. Empowered Funds LLC now owns 951,925 shares of the company’s stock valued at $2,751,000 after purchasing an additional 18,933 shares during the last quarter. Strs Ohio purchased a new stake in shares of USA Today during the 1st quarter valued at $187,000. Finally, Creative Planning boosted its position in shares of USA Today by 110.9% in the 2nd quarter. Creative Planning now owns 79,251 shares of the company’s stock worth $284,000 after purchasing an additional 41,674 shares in the last quarter. Institutional investors own 76.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of USA Today in a research note on Friday, August 7th. Citizens Jmp increased their price target on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 14th. Citigroup reissued a “neutral” rating on shares of USA Today in a report on Monday. New Street Research set a $8.05 price target on USA Today in a research note on Friday, June 5th. Finally, Wall Street Zen downgraded shares of USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.03.

USA Today Stock Performance

Shares of TDAY stock opened at $6.48 on Wednesday. The business has a fifty day moving average of $8.03 and a 200 day moving average of $7.34. 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 firm has a market capitalization of $951.39 million, a price-to-earnings ratio of -21.60 and a beta of 1.40.

USA Today (NYSE:TDAY) last issued its earnings results on Thursday, August 6th. The company reported $0.07 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 for 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.