Jefferies Financial Group Inc. Takes $7.73 Million Position in USA Today Co. $TDAY

Jefferies Financial Group Inc. bought a new stake in USA Today Co. (NYSE:TDAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,500,000 shares of the company’s stock, valued at approximately $7,725,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDAY. Kapitalo Investimentos Ltda bought a new position in USA Today during the 3rd quarter valued at approximately $44,000. Principal Financial Group Inc. bought a new position in USA Today during the 3rd quarter valued at approximately $45,000. PharVision Advisers LLC bought a new position in USA Today during the 3rd quarter valued at approximately $51,000. Caprock Group LLC bought a new position in USA Today during the 3rd quarter valued at approximately $53,000. Finally, Russell Investments Group Ltd. raised its position in USA Today by 1,130.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,749 shares of the company’s stock valued at $53,000 after purchasing an additional 11,713 shares during the last quarter. Institutional investors own 76.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TDAY. Citigroup reaffirmed a “neutral” rating on shares of USA Today in a research report on Monday, February 2nd. Rosenblatt Securities began coverage on USA Today in a research report on Thursday, February 12th. They set a “buy” rating and a $10.00 price target for the company. Wall Street Zen raised USA Today from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Citizens Jmp upped their price target on USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research report on Friday, February 27th. Finally, Weiss Ratings lowered USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.70.

USA Today Stock Down 0.5%

Shares of NYSE:TDAY opened at $7.52 on Monday. USA Today Co. has a 52-week low of $3.15 and a 52-week high of $7.80. The firm has a market capitalization of $1.10 billion, a P/E ratio of 125.35 and a beta of 1.42. The stock has a 50 day moving average price of $7.08 and a 200-day moving average price of $5.93. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79.

USA Today (NYSE:TDAY) last announced its earnings results on Thursday, February 26th. The company reported ($0.21) earnings per share (EPS) for the quarter. USA Today had a return on equity of 21.75% and a net margin of 1.27%.The firm had revenue of $585.00 million during 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.