Traders Sell Shares of New York Times (NYT) on Strength (NYT)

Investors sold shares of New York Times Co (NYSE:NYT) on strength during trading on Friday. $5.19 million flowed into the stock on the tick-up and $10.42 million flowed out of the stock on the tick-down, for a money net flow of $5.23 million out of the stock. Of all equities tracked, New York Times had the 0th highest net out-flow for the day. New York Times traded up $0.55 for the day and closed at $23.60

A number of research analysts recently weighed in on NYT shares. Zacks Investment Research cut shares of New York Times from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. ValuEngine upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Barclays set a $20.00 target price on shares of New York Times and gave the company a “hold” rating in a research note on Sunday, February 11th.

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The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $3,799.10, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74.

New York Times (NYSE:NYT) last released its earnings results on Thursday, February 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $467.30 million. During the same quarter in the previous year, the company earned $0.30 EPS. New York Times’s revenue for the quarter was up 10.1% on a year-over-year basis. analysts forecast that New York Times Co will post 0.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, April 3rd. New York Times’s dividend payout ratio (DPR) is 20.00%.

In other New York Times news, CFO James M. Follo sold 110,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $24.02, for a total value of $2,642,200.00. Following the sale, the chief financial officer now owns 194,523 shares in the company, valued at approximately $4,672,442.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Carso S.A. De C.V. Inversora sold 18,800 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $25.55, for a total transaction of $480,340.00. Following the completion of the sale, the insider now owns 19,212,700 shares in the company, valued at approximately $490,884,485. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,906,164 shares of company stock worth $45,131,239. 5.20% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in New York Times by 37.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock worth $160,000 after purchasing an additional 2,333 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in New York Times in the 3rd quarter worth $192,000. Elkfork Partners LLC lifted its stake in New York Times by 143.1% in the 4th quarter. Elkfork Partners LLC now owns 9,840 shares of the company’s stock worth $182,000 after purchasing an additional 5,792 shares in the last quarter. HL Financial Services LLC purchased a new stake in New York Times in the 4th quarter worth $185,000. Finally, Bluestein R H & Co. purchased a new stake in New York Times in the 4th quarter worth $185,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

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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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