The New York Times Company (NYSE:NYT) Shares Sold by Thematics Asset Management

Thematics Asset Management reduced its holdings in The New York Times Company (NYSE:NYT) by 16.1% during the 3rd quarter, Holdings Channel reports. The fund owned 88,976 shares of the company’s stock after selling 17,028 shares during the quarter. Thematics Asset Management’s holdings in New York Times were worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of New York Times by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,988 shares of the company’s stock worth $4,063,000 after buying an additional 6,776 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in New York Times in the first quarter worth approximately $1,141,000. Janus Henderson Group PLC boosted its stake in New York Times by 72.9% during the 1st quarter. Janus Henderson Group PLC now owns 122,820 shares of the company’s stock valued at $5,308,000 after purchasing an additional 51,801 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of New York Times during the 1st quarter valued at $2,623,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of New York Times by 9.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,743 shares of the company’s stock worth $278,000 after buying an additional 581 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

NYT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barclays lifted their price objective on shares of New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times Stock Down 0.4 %

Shares of New York Times stock traded down $0.22 during trading on Tuesday, hitting $54.85. The stock had a trading volume of 82,307 shares, compared to its average volume of 1,125,361. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $57.08. The stock has a 50 day simple moving average of $54.86 and a 200 day simple moving average of $53.09. The company has a market capitalization of $8.99 billion, a PE ratio of 32.59, a P/E/G ratio of 1.72 and a beta of 1.02.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $640.20 million for the quarter, compared to analysts’ expectations of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. As a group, equities analysts expect that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Wednesday, October 9th. New York Times’s dividend payout ratio is currently 30.77%.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.