ETRADE Capital Management LLC increased its position in shares of New York Times Co (NYSE:NYT) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,694 shares of the company’s stock after purchasing an additional 3,766 shares during the period. ETRADE Capital Management LLC’s holdings in New York Times were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in New York Times by 16.2% during the 1st quarter. Fifth Third Bancorp now owns 3,465 shares of the company’s stock worth $106,000 after purchasing an additional 483 shares during the last quarter. Texas Permanent School Fund lifted its holdings in New York Times by 0.5% during the 4th quarter. Texas Permanent School Fund now owns 98,329 shares of the company’s stock worth $3,163,000 after purchasing an additional 501 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in New York Times by 3.5% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 15,776 shares of the company’s stock worth $484,000 after purchasing an additional 536 shares during the last quarter. Private Capital Group LLC lifted its holdings in New York Times by 19.6% during the 1st quarter. Private Capital Group LLC now owns 3,320 shares of the company’s stock worth $102,000 after purchasing an additional 543 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in New York Times by 26.0% during the 4th quarter. IFP Advisors Inc now owns 2,747 shares of the company’s stock worth $88,000 after purchasing an additional 566 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE NYT opened at $38.18 on Friday. The stock has a market capitalization of $6.36 billion, a PE ratio of 42.90 and a beta of 0.86. The business has a fifty day moving average price of $32.67 and a two-hundred day moving average price of $33.24. New York Times Co has a fifty-two week low of $26.13 and a fifty-two week high of $40.22.
New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. New York Times had a return on equity of 12.98% and a net margin of 7.85%. The firm had revenue of $443.60 million during the quarter, compared to analysts’ expectations of $438.88 million. During the same period in the previous year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that New York Times Co will post 0.75 earnings per share for the current fiscal year.
Several research firms recently weighed in on NYT. ValuEngine cut New York Times from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Barclays reaffirmed a “sell” rating and issued a $20.00 price objective on shares of New York Times in a report on Friday, April 17th. JPMorgan Chase & Co. dropped their price objective on New York Times from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Finally, Cfra raised New York Times from a “hold” rating to a “buy” rating and dropped their price objective for the company from $40.00 to $38.00 in a report on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.92.
New York Times Profile
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.
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