Boston Family Office LLC maintained its stake in New York Times Company (The) (NYSE:NYT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,000 shares of the company’s stock at the end of the second quarter. Boston Family Office LLC’s holdings in New York Times Company (The) were worth $549,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in New York Times Company (The) by 384.2% in the first quarter. Envestnet Asset Management Inc. now owns 7,800 shares of the company’s stock valued at $112,000 after buying an additional 6,189 shares during the period. LS Investment Advisors LLC boosted its position in shares of New York Times Company (The) by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock valued at $173,000 after buying an additional 1,452 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of New York Times Company (The) by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock valued at $183,000 after buying an additional 180 shares during the last quarter. Sei Investments Co. boosted its position in shares of New York Times Company (The) by 93.3% in the second quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock valued at $183,000 after buying an additional 4,990 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of New York Times Company (The) by 1,082.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,710 shares of the company’s stock valued at $207,000 after buying an additional 10,720 shares during the last quarter. 62.69% of the stock is currently owned by institutional investors.

New York Times Company (NYSE NYT) opened at 18.35 on Monday. New York Times Company has a 12 month low of $10.60 and a 12 month high of $20.15. The firm has a 50-day moving average price of $18.27 and a 200 day moving average price of $16.35. The stock has a market capitalization of $2.97 billion, a PE ratio of 46.69 and a beta of 1.81.

New York Times Company (The) (NYSE:NYT) last issued its earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The firm had revenue of $407.10 million for the quarter, compared to the consensus estimate of $393.07 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Equities analysts anticipate that New York Times Company will post $0.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Wednesday, July 12th were paid a $0.04 dividend. The ex-dividend date was Monday, July 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.87%. New York Times Company (The)’s payout ratio is 40.00%.

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Several research analysts have issued reports on the company. 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 research report on Monday, July 31st. Barclays PLC raised their target price on 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. Finally, Jefferies Group LLC raised their target price on New York Times Company (The) from $12.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.20.

In other news, SVP R Anthony Benten sold 13,200 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the sale, the senior vice president now owns 49,376 shares in the company, valued at $868,523.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James M. Follo sold 138,161 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total value of $2,620,914.17. Following the completion of the sale, the chief financial officer now owns 136,523 shares in the company, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. Insiders sold 672,861 shares of company stock worth $12,902,407 in the last 90 days. Company insiders own 5.70% of the company’s stock.

About New York Times Company (The)

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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