Nationwide Fund Advisors lessened its position in shares of New York Times Company (The) (NYSE:NYT) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 298,204 shares of the company’s stock after selling 7,026 shares during the period. Nationwide Fund Advisors owned 0.19% of New York Times Company (The) worth $5,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NYT. Comerica Bank lifted its position in shares of New York Times Company (The) by 4.7% during the 1st quarter. Comerica Bank now owns 93,898 shares of the company’s stock valued at $1,376,000 after buying an additional 4,204 shares during the last quarter. Swiss National Bank lifted its position in shares of New York Times Company (The) by 2.0% during the 1st quarter. Swiss National Bank now owns 210,900 shares of the company’s stock valued at $3,037,000 after buying an additional 4,100 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of New York Times Company (The) by 29.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 73,163 shares of the company’s stock valued at $1,054,000 after buying an additional 16,491 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of New York Times Company (The) during the 1st quarter valued at $404,000. Finally, Parametric Portfolio Associates LLC lifted its position in shares of New York Times Company (The) by 12.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 301,875 shares of the company’s stock valued at $4,347,000 after buying an additional 34,120 shares during the last quarter. 63.98% of the stock is currently owned by hedge funds and other institutional investors.

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NYT has been the topic of a number of recent research reports. Zacks Investment Research cut New York Times Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Barclays PLC upped their price target on New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. New York Times Company (The) currently has an average rating of “Hold” and a consensus target price of $15.20.

In other news, CFO James M. Follo sold 138,161 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 136,523 shares in the company, valued at approximately $2,589,841.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 19,353,000 shares in the company, valued at $372,932,310. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

New York Times Company (NYSE:NYT) opened at 19.80 on Thursday. New York Times Company has a 12 month low of $10.60 and a 12 month high of $20.15. The stock’s 50 day moving average price is $18.97 and its 200-day moving average price is $17.34. The stock has a market cap of $3.21 billion, a PE ratio of 50.38 and a beta of 1.78.

New York Times Company (The) (NYSE:NYT) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The firm 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 last year, the business posted $0.11 EPS. Analysts anticipate that New York Times Company will post $0.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.81%. New York Times Company (The)’s dividend payout ratio (DPR) is currently 40.00%.

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.

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

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