New York Times Company (The) (NYSE:NYT)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a research report issued on Monday, October 16th. They presently have a $18.00 price objective on the stock. Jefferies Group LLC’s target price points to a potential downside of 6.98% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, July 31st. Barclays PLC increased their price objective on shares of New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.95.
New York Times Company (NYT) remained flat at $19.35 during midday trading on Monday. The stock had a trading volume of 1,210,470 shares. The firm has a 50 day moving average of $19.36 and a 200 day moving average of $17.88. New York Times Company has a 12-month low of $10.60 and a 12-month high of $20.15. The firm has a market cap of $3.13 billion, a PE ratio of 49.24 and a beta of 1.78.
New York Times Company (The) (NYSE:NYT) last announced its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $393.07 million. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. On average, equities research analysts anticipate that New York Times Company will post $0.71 EPS for the current year.
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In other news, CFO James M. Follo sold 138,161 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the transaction, the chief financial officer now directly owns 136,523 shares in the company, valued at $2,589,841.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.70% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in New York Times Company (The) by 0.5% during the second quarter. BlackRock Inc. now owns 12,743,461 shares of the company’s stock valued at $225,560,000 after acquiring an additional 62,237 shares during the last quarter. Vanguard Group Inc. lifted its position in New York Times Company (The) by 6.4% during the second quarter. Vanguard Group Inc. now owns 11,034,212 shares of the company’s stock valued at $195,306,000 after acquiring an additional 664,069 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in New York Times Company (The) by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,248,409 shares of the company’s stock valued at $92,898,000 after acquiring an additional 34,980 shares during the last quarter. State Street Corp lifted its position in New York Times Company (The) by 2.3% during the second quarter. State Street Corp now owns 4,112,961 shares of the company’s stock valued at $72,796,000 after acquiring an additional 90,840 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of New York Times Company (The) by 5.1% in the second quarter. Northern Trust Corp now owns 2,464,681 shares of the company’s stock worth $43,626,000 after buying an additional 120,449 shares during the last quarter. 64.38% of the stock is owned by institutional investors.
New York Times Company (The) Company Profile
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
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