Stone Ridge Asset Management LLC bought a new position in New York Times Co (NYSE:NYT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 78,029 shares of the company’s stock, valued at approximately $1,444,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in New York Times by 1.5% in the 4th quarter. BlackRock Inc. now owns 13,324,101 shares of the company’s stock worth $246,496,000 after acquiring an additional 202,707 shares during the period. Bank of New York Mellon Corp raised its holdings in New York Times by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,670,097 shares of the company’s stock worth $71,933,000 after acquiring an additional 19,102 shares during the period. Granite Investment Partners LLC raised its holdings in New York Times by 6.3% in the 3rd quarter. Granite Investment Partners LLC now owns 1,063,911 shares of the company’s stock worth $20,853,000 after acquiring an additional 62,676 shares during the period. Geode Capital Management LLC grew its position in New York Times by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,016,120 shares of the company’s stock worth $18,798,000 after purchasing an additional 15,189 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in New York Times by 0.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 807,616 shares of the company’s stock worth $14,941,000 after purchasing an additional 5,774 shares during the last quarter. Hedge funds and other institutional investors own 72.15% of the company’s stock.
Shares of New York Times Co (NYSE NYT) opened at $24.30 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.28. The stock has a market cap of $4,062.81, a price-to-earnings ratio of 1,215.00, a price-to-earnings-growth ratio of 2.18 and a beta of 1.74. New York Times Co has a 12-month low of $14.08 and a 12-month high of $25.70.
New York Times (NYSE:NYT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.09. The company had revenue of $484.00 million for the quarter, compared to analyst estimates of $467.30 million. New York Times had a net margin of 0.26% and a return on equity of 14.84%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. sell-side analysts predict that New York Times Co will post 0.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Wednesday, April 4th will be given a $0.04 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.16 annualized dividend and a yield of 0.66%. New York Times’s dividend payout ratio is 800.00%.
In other news, insider Carso S.A. De C.V. Inversora sold 90,000 shares of New York Times stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $24.13, for a total transaction of $2,171,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Denham sold 3,166 shares of New York Times stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $25.12, for a total transaction of $79,529.92. Following the sale, the director now owns 39,842 shares in the company, valued at $1,000,831.04. The disclosure for this sale can be found here. Insiders sold a total of 406,164 shares of company stock worth $10,001,239 over the last 90 days. Company insiders own 5.20% of the company’s stock.
Several analysts have issued reports on NYT shares. Zacks Investment Research lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. ValuEngine lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Barclays set a $20.00 price target on shares of New York Times and gave the stock a “hold” rating in a research report on Sunday, February 11th.
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New York Times 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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