Renaissance Technologies LLC Sells 187,400 Shares of USA Today Co. $TDAY

Renaissance Technologies LLC trimmed its position in USA Today Co. (NYSE:TDAY) by 16.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 932,019 shares of the company’s stock after selling 187,400 shares during the quarter. Renaissance Technologies LLC’s holdings in USA Today were worth $6,571,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TDAY. Abel Hall LLC lifted its position in USA Today by 12.9% during the 1st quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock valued at $102,000 after purchasing an additional 1,660 shares during the period. PFG Investments LLC grew its position in shares of USA Today by 3.2% during the 1st quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after buying an additional 1,700 shares during the period. First Trust Advisors LP raised its stake in shares of USA Today by 0.6% during the first quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock worth $2,792,000 after buying an additional 2,287 shares during the last quarter. Legal & General Group Plc raised its stake in shares of USA Today by 2.4% during the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after buying an additional 3,193 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 period. 76.71% of the stock is currently owned by institutional investors and hedge funds.

USA Today Stock Performance

Shares of TDAY stock opened at $9.05 on Wednesday. The stock has a market cap of $1.33 billion, a PE ratio of 150.86 and a beta of 1.40. The stock has a 50-day moving average of $8.30 and a 200-day moving average of $7.23. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.79 and a quick ratio of 0.77. USA Today Co. has a one year low of $3.42 and a one year high of $9.20.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup reaffirmed an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Wall Street Zen cut shares of USA Today from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Rosenblatt Securities reissued 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 target on USA Today in a research report on Friday, June 5th. Finally, Citizens Jmp lifted their price objective on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, USA Today presently has an average rating of “Moderate Buy” and a consensus price target of $9.03.

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.