USA Today (NYSE:TDAY) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of USA Today (NYSE:TDAY) from a buy rating to a hold rating in a research note issued to investors on Monday.

Several other brokerages also recently weighed in on TDAY. Citigroup reaffirmed an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of USA Today in a research note on Thursday, June 4th. New Street Research set a $8.05 price objective on USA Today in a research report on Friday, June 5th. 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 research report on Tuesday, July 14th. Finally, Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, USA Today presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.03.

USA Today Stock Performance

NYSE TDAY opened at $8.48 on Monday. The company has a market cap of $1.24 billion, a P/E ratio of 141.36 and a beta of 1.40. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77. The stock has a 50-day moving average of $8.09 and a two-hundred day moving average of $7.00. USA Today has a 1-year low of $3.42 and a 1-year high of $8.90.

USA Today (NYSE:TDAY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.17. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The business had revenue of $548.49 million for the quarter, compared to analysts’ expectations of $562.00 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was down 4.0 on a year-over-year basis.

Institutional Inflows and Outflows

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

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.