Shares of New York Times Company (The) (NYSE:NYT) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.20.

Several research analysts have commented on NYT shares. Zacks Investment Research downgraded New York Times Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. 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 note on Wednesday, July 19th.

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Shares of New York Times Company (NYSE:NYT) opened at 18.75 on Thursday. The company’s 50-day moving average is $18.57 and its 200 day moving average is $16.68. New York Times Company has a 52-week low of $10.60 and a 52-week high of $20.15. The company has a market cap of $3.04 billion, a PE ratio of 47.71 and a beta of 1.78.

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 the consensus estimate 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 business had revenue of $407.10 million during the quarter, compared to the consensus estimate of $393.07 million. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, analysts anticipate that New York Times Company will post $0.71 EPS for the current year.

In other news, CFO James M. Follo sold 138,161 shares of New York Times Company (The) stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Carso S.A. De C.V. Inversora sold 521,500 shares of New York Times Company (The) stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $19.27, for a total value of $10,049,305.00. Following the sale, the insider now owns 19,353,000 shares of the company’s stock, valued at approximately $372,932,310. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in New York Times Company (The) by 0.5% in the 2nd quarter. BlackRock Inc. now owns 12,743,461 shares of the company’s stock worth $225,560,000 after buying an additional 62,237 shares during the last quarter. Vanguard Group Inc. lifted its position in New York Times Company (The) by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 11,034,212 shares of the company’s stock worth $195,306,000 after buying an additional 664,069 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in New York Times Company (The) by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,248,409 shares of the company’s stock worth $92,898,000 after buying an additional 34,980 shares during the last quarter. State Street Corp lifted its position in New York Times Company (The) by 2.3% in the 2nd quarter. State Street Corp now owns 4,112,961 shares of the company’s stock worth $72,796,000 after buying an additional 90,840 shares during the last quarter. Finally, Northern Trust Corp lifted its position in New York Times Company (The) by 5.1% in the 2nd quarter. Northern Trust Corp now owns 2,464,681 shares of the company’s stock worth $43,626,000 after buying an additional 120,449 shares during the last quarter. Institutional investors own 63.98% of the company’s stock.

New York Times Company (The) Company 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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