Carso S.A. De C.V. Inversora Sells 1,500,000 Shares of New York Times Co (NYT) Stock

New York Times Co (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 1,500,000 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $23.42, for a total transaction of $35,130,000.00. Following the completion of the transaction, the insider now directly owns 18,142,700 shares of the company’s stock, valued at approximately $424,902,034. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Carso S.A. De C.V. Inversora also recently made the following trade(s):

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  • On Monday, March 12th, Carso S.A. De C.V. Inversora sold 70,000 shares of New York Times stock. The shares were sold at an average price of $25.15, for a total transaction of $1,760,500.00.
  • On Monday, February 26th, Carso S.A. De C.V. Inversora sold 18,800 shares of New York Times stock. The shares were sold at an average price of $25.55, for a total transaction of $480,340.00.
  • On Thursday, February 22nd, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times stock. The shares were sold at an average price of $25.53, for a total transaction of $255,300.00.
  • On Friday, February 9th, Carso S.A. De C.V. Inversora sold 90,000 shares of New York Times stock. The shares were sold at an average price of $24.13, for a total transaction of $2,171,700.00.

Shares of NYSE NYT opened at $23.60 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. New York Times Co has a 52-week low of $14.15 and a 52-week high of $25.70. The company has a market capitalization of $3,823.82, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.74.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.09. New York Times had a net margin of 0.26% and a return on equity of 14.84%. The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $467.30 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 10.1% on a year-over-year basis. research analysts expect that New York Times Co will post 0.9 earnings per share for the current year.

The firm 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. This represents a $0.16 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, April 3rd. New York Times’s dividend payout ratio (DPR) is currently 20.00%.

Several institutional investors and hedge funds have recently bought and sold shares of NYT. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of New York Times by 37.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock worth $160,000 after buying an additional 2,333 shares during the period. Elkfork Partners LLC increased its position in shares of New York Times by 143.1% during the fourth quarter. Elkfork Partners LLC now owns 9,840 shares of the company’s stock worth $182,000 after buying an additional 5,792 shares during the period. HL Financial Services LLC acquired a new stake in shares of New York Times during the fourth quarter worth $185,000. Bluestein R H & Co. acquired a new stake in shares of New York Times during the fourth quarter worth $185,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of New York Times during the fourth quarter worth $186,000. Institutional investors own 72.11% of the company’s stock.

Several brokerages have issued reports on NYT. Barclays set a $20.00 price target on shares of New York Times and gave the company a “hold” rating in a research report on Sunday, February 11th. Zacks Investment Research cut shares of New York Times from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, ValuEngine upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

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About New York Times

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.

Insider Buying and Selling by Quarter for New York Times (NYSE:NYT)

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