Quantbot Technologies LP Buys 78,370 Shares of The New York Times Company (NYSE:NYT)

Quantbot Technologies LP raised its stake in shares of The New York Times Company (NYSE:NYT) by 329.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,187 shares of the company’s stock after purchasing an additional 78,370 shares during the period. Quantbot Technologies LP owned 0.06% of New York Times worth $5,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of New York Times by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company’s stock valued at $187,544,000 after purchasing an additional 49,853 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of New York Times by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 82,104 shares of the company’s stock valued at $4,571,000 after buying an additional 40,058 shares in the last quarter. Clark & Stuart Inc purchased a new stake in shares of New York Times during the 4th quarter valued at about $8,490,000. Park Avenue Securities LLC raised its position in shares of New York Times by 236.0% during the 4th quarter. Park Avenue Securities LLC now owns 13,985 shares of the company’s stock valued at $728,000 after buying an additional 9,823 shares in the last quarter. Finally, Figure 8 Investment Strategies LLC purchased a new stake in shares of New York Times during the 4th quarter valued at about $492,000. Institutional investors own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NYT shares. Morgan Stanley decreased their target price on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, New York Times has an average rating of “Moderate Buy” and an average price target of $56.00.

New York Times Stock Performance

NYSE NYT opened at $48.72 on Friday. The firm’s 50 day moving average price is $50.21 and its 200-day moving average price is $52.86. The New York Times Company has a 52-week low of $41.55 and a 52-week high of $58.16. The company has a market cap of $7.96 billion, a PE ratio of 27.37, a P/E/G ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. On average, analysts forecast that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This is an increase from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.48%. New York Times’s dividend payout ratio (DPR) is currently 40.45%.

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.