Campbell & CO Investment Adviser LLC Invests $976,000 in The New York Times Company (NYSE:NYT)

Campbell & CO Investment Adviser LLC bought a new position in The New York Times Company (NYSE:NYTFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 23,683 shares of the company’s stock, valued at approximately $976,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in New York Times by 2.3% in the third quarter. Fifth Third Bancorp now owns 12,134 shares of the company’s stock worth $500,000 after acquiring an additional 276 shares in the last quarter. Mariner LLC boosted its position in New York Times by 1.0% during the fourth quarter. Mariner LLC now owns 28,504 shares of the company’s stock valued at $925,000 after buying an additional 288 shares during the period. BlackDiamond Wealth Management Inc. boosted its position in New York Times by 2.4% during the second quarter. BlackDiamond Wealth Management Inc. now owns 14,302 shares of the company’s stock valued at $578,000 after buying an additional 331 shares during the period. PNC Financial Services Group Inc. boosted its position in New York Times by 1.7% during the first quarter. PNC Financial Services Group Inc. now owns 21,607 shares of the company’s stock valued at $991,000 after buying an additional 354 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in New York Times by 31.9% during the first quarter. Belpointe Asset Management LLC now owns 1,510 shares of the company’s stock valued at $59,000 after buying an additional 365 shares during the period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

New York Times Trading Up 0.3 %

New York Times stock opened at $43.89 on Friday. The firm has a 50-day moving average of $47.43 and a 200-day moving average of $44.35. The firm has a market cap of $7.22 billion, a P/E ratio of 31.58 and a beta of 1.08. The New York Times Company has a 1-year low of $35.06 and a 1-year high of $49.87.

New York Times (NYSE:NYTGet Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.10. The company had revenue of $676.20 million during the quarter, compared to analyst estimates of $680.02 million. New York Times had a net margin of 9.58% and a return on equity of 16.87%. New York Times’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Research analysts forecast that The New York Times Company will post 1.64 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, April 2nd will be issued a dividend of $0.13 per share. This is a positive change from New York Times’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, April 1st. New York Times’s dividend payout ratio is currently 31.65%.

Analysts Set New Price Targets

Several research firms have issued reports on NYT. Morgan Stanley upped their price target on shares of New York Times from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. StockNews.com lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, New York Times has an average rating of “Hold” and a consensus price target of $42.75.

Read Our Latest Stock Report on NYT

New York Times Profile

(Free Report)

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It 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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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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