Wasatch Advisors Inc. grew its stake in shares of New York Times Co (NYSE:NYT) by 70.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400,935 shares of the company’s stock after purchasing an additional 165,326 shares during the quarter. Wasatch Advisors Inc. owned approximately 0.25% of New York Times worth $7,417,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Invictus RG raised its holdings in New York Times by 25.4% during the third quarter. Invictus RG now owns 22,064 shares of the company’s stock worth $432,000 after purchasing an additional 4,474 shares in the last quarter. OxFORD Asset Management LLP raised its holdings in New York Times by 64.1% during the third quarter. OxFORD Asset Management LLP now owns 349,359 shares of the company’s stock worth $6,865,000 after purchasing an additional 136,523 shares in the last quarter. Brown Advisory Inc. raised its holdings in New York Times by 18.3% during the third quarter. Brown Advisory Inc. now owns 56,540 shares of the company’s stock worth $1,108,000 after purchasing an additional 8,727 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in New York Times by 3.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 801,842 shares of the company’s stock worth $15,717,000 after purchasing an additional 26,171 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in New York Times by 124.5% during the third quarter. WINTON GROUP Ltd now owns 111,079 shares of the company’s stock worth $2,177,000 after purchasing an additional 61,594 shares in the last quarter. 67.90% of the stock is currently owned by institutional investors.
New York Times Co (NYT) opened at $20.20 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,275.57, a P/E ratio of 33.67 and a beta of 1.65. New York Times Co has a 1 year low of $13.00 and a 1 year high of $20.35.
New York Times (NYSE:NYT) last announced its earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $385.60 million for the quarter, compared to analyst estimates of $390.13 million. New York Times 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 last year, the firm posted $0.06 earnings per share. research analysts predict that New York Times Co will post 0.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.79%. New York Times’s dividend payout ratio (DPR) is presently 26.67%.
A number of brokerages have recently issued reports on NYT. ValuEngine lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Jefferies Group restated a “hold” rating and set a $18.00 target price on shares of New York Times in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. New York Times currently has an average rating of “Hold” and an average price target of $15.45.
New York Times 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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