JPMorgan Chase & Co. Has $3.83 Million Stock Holdings in USA Today Co. $TDAY

JPMorgan Chase & Co. grew its stake in USA Today Co. (NYSE:TDAYFree Report) by 111.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,100 shares of the company’s stock after acquiring an additional 488,229 shares during the period. JPMorgan Chase & Co. owned 0.63% of USA Today worth $3,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TDAY. Teacher Retirement System of Texas raised its stake in shares of USA Today by 3,493.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 725,629 shares of the company’s stock worth $2,997,000 after purchasing an additional 705,436 shares in the last quarter. Nomura Holdings Inc. grew its stake in shares of USA Today by 721.0% in the second quarter. Nomura Holdings Inc. now owns 3,520,099 shares of the company’s stock valued at $12,602,000 after buying an additional 3,091,333 shares in the last quarter. Arizona State Retirement System increased its holdings in USA Today by 6.3% during the third quarter. Arizona State Retirement System now owns 41,165 shares of the company’s stock worth $170,000 after buying an additional 2,457 shares during the last quarter. State of Wyoming raised its position in USA Today by 8.0% during the third quarter. State of Wyoming now owns 48,493 shares of the company’s stock worth $200,000 after acquiring an additional 3,574 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in USA Today by 8.1% during the second quarter. Franklin Resources Inc. now owns 172,673 shares of the company’s stock worth $618,000 after acquiring an additional 12,978 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

More USA Today News

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on TDAY shares. Citigroup reissued a “neutral” rating on shares of USA Today in a research report on Monday, February 2nd. Citizens Jmp raised 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. Weiss Ratings upgraded USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 8th. Rosenblatt Securities initiated coverage on USA Today in a research report on Thursday, February 12th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Wall Street Zen upgraded USA Today from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Check Out Our Latest Analysis on TDAY

USA Today Price Performance

Shares of TDAY opened at $7.10 on Friday. The company’s 50-day moving average is $6.28 and its 200-day moving average is $5.17. 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 firm has a market capitalization of $1.04 billion, a PE ratio of -64.54 and a beta of 1.44. USA Today Co. has a fifty-two week low of $2.55 and a fifty-two week high of $7.32.

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

USA Today Profile

(Free Report)

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.

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Institutional Ownership by Quarter for USA Today (NYSE:TDAY)

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