USA Today (NYSE:TDAY) Hits New 52-Week High – Should You Buy?

USA Today Co. (NYSE:TDAY) shares reached a new 52-week high on Monday . The company traded as high as $6.22 and last traded at $6.01, with a volume of 598368 shares changing hands. The stock had previously closed at $5.88.

Wall Street Analyst Weigh In

TDAY has been the subject of several analyst reports. Citigroup increased their price objective on shares of USA Today from $4.30 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings raised USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen lowered USA Today from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.10.

USA Today Trading Down 2.2%

The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 4.66. The firm has a market cap of $859.12 million, a P/E ratio of 27.81 and a beta of 1.52. The firm’s 50-day simple moving average is $4.92 and its 200 day simple moving average is $4.42.

USA Today (NYSE:TDAY) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). USA Today had a return on equity of 42.98% and a net margin of 4.11%.The company had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $575.58 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TDAY. Two Seas Capital LP raised its stake in USA Today by 79.6% in the 2nd quarter. Two Seas Capital LP now owns 11,230,621 shares of the company’s stock valued at $40,206,000 after acquiring an additional 4,978,515 shares during the period. SG Americas Securities LLC boosted its position in USA Today by 172.6% during the fourth 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. Nomura Holdings Inc. increased its stake in shares of USA Today by 721.0% in the second quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company’s stock worth $12,602,000 after purchasing an additional 3,091,333 shares in the last quarter. Shah Capital Management purchased a new position in shares of USA Today in the fourth quarter worth about $9,270,000. Finally, Aurelius Capital Management LP bought a new stake in shares of USA Today in the second quarter valued at approximately $4,173,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

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.