400,000 Shares in USA Today Co. $TDAY Acquired by P Schoenfeld Asset Management LP

P Schoenfeld Asset Management LP bought a new position in shares of USA Today Co. (NYSE:TDAY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $2,060,000. USA Today accounts for 0.7% of P Schoenfeld Asset Management LP’s holdings, making the stock its 25th largest position. P Schoenfeld Asset Management LP owned 0.27% of USA Today as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Two Seas Capital LP purchased a new stake in shares of USA Today during the 4th quarter worth $74,946,000. Alta Fundamental Advisers LLC bought a new stake in USA Today during the fourth quarter valued at about $58,346,000. Vanguard Group Inc. grew its stake in USA Today by 2.0% in the third quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock valued at $35,254,000 after purchasing an additional 164,690 shares during the last quarter. SG Americas Securities LLC raised its holdings in USA Today by 172.6% in 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 in the last quarter. Finally, Cooperman Leon G raised its holdings in USA Today by 0.4% in 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 in the last quarter. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TDAY shares. Citizens Jmp raised their price target on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a report on Friday, February 27th. New Street Research set a $8.05 price objective on shares of USA Today in a research note on Friday, June 5th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 target price on shares of USA Today in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of USA Today from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings lowered shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.53.

USA Today Stock Performance

Shares of TDAY stock opened at $7.74 on Monday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 129.02 and a beta of 1.42. 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 business has a fifty day moving average of $7.46 and a 200 day moving average of $6.25. USA Today Co. has a 1 year low of $3.15 and a 1 year high of $8.28.

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.