Aurelius Capital Management LP Has $2.35 Million Stake in USA Today Co. $TDAY

Aurelius Capital Management LP lessened its holdings in USA Today Co. (NYSE:TDAY) by 51.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 569,997 shares of the company’s stock after selling 595,595 shares during the quarter. USA Today makes up approximately 4.3% of Aurelius Capital Management LP’s investment portfolio, making the stock its 9th largest position. Aurelius Capital Management LP owned 0.39% of USA Today worth $2,354,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Two Seas Capital LP lifted its holdings in shares of USA Today by 79.6% during the second quarter. Two Seas Capital LP now owns 11,230,621 shares of the company’s stock worth $40,206,000 after purchasing an additional 4,978,515 shares during the period. Vanguard Group Inc. raised its position in USA Today by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock worth $35,254,000 after purchasing an additional 164,690 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in USA Today by 721.0% during the 2nd quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company’s stock worth $12,602,000 after buying an additional 3,091,333 shares during the period. Qube Research & Technologies Ltd lifted its holdings in USA Today by 38.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,144,888 shares of the company’s stock worth $4,099,000 after buying an additional 316,303 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of USA Today by 94.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,100,514 shares of the company’s stock valued at $3,940,000 after buying an additional 533,520 shares during the last quarter. 76.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TDAY has been the subject of a number of analyst reports. Weiss Ratings upgraded USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 8th. Wall Street Zen upgraded USA Today from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Citizens Jmp increased 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 report on Friday, February 27th. Citigroup restated a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Finally, Rosenblatt Securities started coverage on shares of USA Today in a research note on Thursday, February 12th. They issued a “buy” rating and a $10.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, USA Today currently has an average rating of “Moderate Buy” and an average target price of $7.70.

USA Today Stock Down 1.5%

Shares of USA Today stock opened at $6.40 on Friday. The stock’s 50-day moving average is $5.88 and its 200 day moving average is $4.88. USA Today Co. has a one year low of $2.55 and a one year high of $6.67. The firm has a market cap of $941.50 million, a price-to-earnings ratio of -58.18 and a beta of 1.58. The company has a debt-to-equity ratio of 5.72, a current ratio of 0.75 and a quick ratio of 0.73.

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

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.