New York Times Company (The) (NYT) Position Cut by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in New York Times Company (The) (NYSE:NYT) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222,523 shares of the company’s stock after selling 22,605 shares during the period. California State Teachers Retirement System owned 0.14% of New York Times Company (The) worth $3,939,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Great West Life Assurance Co. Can increased its stake in New York Times Company (The) by 15.3% during the second quarter. Great West Life Assurance Co. Can now owns 79,483 shares of the company’s stock valued at $1,402,000 after acquiring an additional 10,560 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in New York Times Company (The) by 9.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 755,695 shares of the company’s stock valued at $10,883,000 after purchasing an additional 63,254 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in New York Times Company (The) by 0.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 194,946 shares of the company’s stock valued at $2,807,000 after purchasing an additional 915 shares in the last quarter. Vanguard Group Inc. boosted its holdings in New York Times Company (The) by 3.2% during the first quarter. Vanguard Group Inc. now owns 10,370,143 shares of the company’s stock valued at $149,329,000 after purchasing an additional 322,187 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in New York Times Company (The) during the second quarter valued at approximately $1,214,000. Institutional investors and hedge funds own 64.38% of the company’s stock.

Shares of New York Times Company (NYSE NYT) opened at $17.45 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. New York Times Company has a 1 year low of $12.05 and a 1 year high of $20.15. The company has a market cap of $2,878.29, a price-to-earnings ratio of 24.65 and a beta of 1.67.

New York Times Company (The) (NYSE:NYT) last announced its earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. The firm had revenue of $385.60 million during the quarter, compared to analyst estimates of $390.13 million. New York Times Company (The) had a net margin of 6.02% and a return on equity of 13.46%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. research analysts expect that New York Times Company will post 0.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, October 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.92%. New York Times Company (The)’s dividend payout ratio is 26.67%.

NYT has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $18.00 price objective on shares of New York Times Company (The) in a report on Monday, October 16th. Zacks Investment Research raised 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 report on Monday, July 31st. Finally, Barclays PLC boosted 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 analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.45.

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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.

Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

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