USA Today (NYSE:TDAY) Sets New 12-Month High – Time to Buy?

USA Today Co. (NYSE:TDAY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.71 and last traded at $6.71, with a volume of 353856 shares changing hands. The stock had previously closed at $6.59.

Analyst Ratings Changes

TDAY has been the subject of several analyst reports. Citizens Jmp upped their target price on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research note on Friday, February 27th. Wall Street Zen raised shares of USA Today from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Citigroup reiterated a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Weiss Ratings upgraded USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 8th. Finally, Rosenblatt Securities assumed coverage on USA Today in a research report on Thursday, February 12th. They set a “buy” rating and a $10.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.70.

USA Today Stock Up 0.7%

The company has a debt-to-equity ratio of 5.72, a current ratio of 0.75 and a quick ratio of 0.73. The stock has a market capitalization of $992.99 million, a price-to-earnings ratio of -61.36 and a beta of 1.58. The firm’s fifty day moving average is $6.14 and its 200-day moving average is $5.04.

USA Today (NYSE:TDAY) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $585.00 million for the quarter. USA Today had a return on equity of 5.68% and a net margin of 0.08%.

Institutional Trading of USA Today

Hedge funds and other institutional investors have recently bought and sold shares of the company. Two Seas Capital LP bought a new position in USA Today during the 4th quarter worth approximately $74,946,000. Alta Fundamental Advisers LLC bought a new stake in shares of USA Today in the 4th quarter valued at approximately $58,346,000. Vanguard Group Inc. raised its position in shares of USA Today by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock valued at $35,254,000 after acquiring an additional 164,690 shares in the last quarter. SG Americas Securities LLC lifted its stake 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 last quarter. Finally, Cooperman Leon G lifted its stake in USA Today by 0.4% during the third quarter. Cooperman Leon G now owns 5,867,209 shares of the company’s stock worth $24,232,000 after purchasing an additional 23,151 shares during the last quarter. 76.71% of the stock is owned by institutional investors.

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.