Federated Investors Inc. PA decreased its position in New York Times Company (The) (NYSE:NYT) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,090 shares of the company’s stock after selling 7,523 shares during the quarter. Federated Investors Inc. PA’s holdings in New York Times Company (The) were worth $1,029,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its position in shares of New York Times Company (The) by 9.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 755,695 shares of the company’s stock worth $10,883,000 after buying an additional 63,254 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of New York Times Company (The) by 0.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 194,946 shares of the company’s stock worth $2,807,000 after buying an additional 915 shares in the last quarter. Alambic Investment Management L.P. grew its position in shares of New York Times Company (The) by 260.4% during the first quarter. Alambic Investment Management L.P. now owns 38,200 shares of the company’s stock worth $550,000 after buying an additional 27,600 shares in the last quarter. Vanguard Group Inc. grew its position in shares of New York Times Company (The) by 3.2% during the first quarter. Vanguard Group Inc. now owns 10,370,143 shares of the company’s stock worth $149,329,000 after buying an additional 322,187 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. grew its position in shares of New York Times Company (The) by 16.5% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 54,414 shares of the company’s stock worth $784,000 after buying an additional 7,694 shares in the last quarter. 63.98% of the stock is owned by institutional investors.

In other New York Times Company (The) news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of New York Times Company (The) stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $19.27, for a total value of $10,049,305.00. Following the transaction, the insider now directly owns 19,353,000 shares of the company’s stock, valued at approximately $372,932,310. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James M. Follo sold 138,161 shares of New York Times Company (The) stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 136,523 shares in the company, valued at $2,589,841.31. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

Shares of New York Times Company (NYSE NYT) opened at 19.20 on Friday. New York Times Company has a 52-week low of $10.60 and a 52-week high of $20.15. The stock’s 50 day moving average is $18.71 and its 200-day moving average is $16.86. The firm has a market cap of $3.11 billion, a P/E ratio of 48.85 and a beta of 1.78.

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

TRADEMARK VIOLATION NOTICE: “Federated Investors Inc. PA Sells 7,523 Shares of New York Times Company (The) (NYT)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/16/federated-investors-inc-pa-sells-7523-shares-of-new-york-times-company-the-nyt.html.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, July 31st. Barclays PLC raised their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.20.

New York Times Company (The) 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.

Want to see what other hedge funds are holding NYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Times Company (The) (NYSE:NYT).

Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

Receive News & Stock Ratings for New York Times Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times Company (The) and related stocks with our FREE daily email newsletter.