Prudential Financial Inc. lifted its position in New York Times Company (The) (NYSE:NYT) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,171 shares of the company’s stock after buying an additional 8,360 shares during the period. Prudential Financial Inc. owned about 0.06% of New York Times worth $1,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of New York Times by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock worth $111,000 after buying an additional 673 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of New York Times by 6.9% in the second quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after buying an additional 429 shares in the last quarter. LS Investment Advisors LLC lifted its stake in shares of New York Times by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock worth $173,000 after buying an additional 1,452 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of New York Times by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock worth $183,000 after buying an additional 180 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of New York Times by 93.3% in the second quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock worth $183,000 after buying an additional 4,990 shares in the last quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Several research analysts have recently issued reports on the stock. Jefferies Group reiterated a “hold” rating and issued a $18.00 target price on shares of New York Times in a research note on Monday, October 16th. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.45.

Shares of New York Times Company (NYT) traded up $0.10 during midday trading on Wednesday, hitting $18.80. 1,239,900 shares of the stock traded hands, compared to its average volume of 1,044,250. The company has a market capitalization of $3,032.34, a P/E ratio of 25.97 and a beta of 1.64. New York Times Company has a 52-week low of $12.85 and a 52-week high of $20.15. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.05. The company had revenue of $385.60 million for the quarter, compared to the consensus estimate of $390.13 million. New York Times had a net margin of 6.02% and a return on equity of 13.46%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. equities research analysts forecast that New York Times Company will post 0.72 earnings per share for the current year.

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New York Times 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 (NYSE:NYT)

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