Dimensional Fund Advisors LP lessened its holdings in shares of New York Times Company (The) (NYSE:NYT) by 2.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,129,862 shares of the company’s stock after selling 118,547 shares during the quarter. Dimensional Fund Advisors LP owned about 3.17% of New York Times worth $100,546,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NYT. FMR LLC lifted its holdings in shares of New York Times by 173.6% in the second quarter. FMR LLC now owns 2,430,179 shares of the company’s stock valued at $43,014,000 after buying an additional 1,542,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of New York Times by 6.4% in the second quarter. Vanguard Group Inc. now owns 11,034,212 shares of the company’s stock valued at $195,306,000 after buying an additional 664,069 shares during the period. Teachers Advisors LLC lifted its holdings in shares of New York Times by 145.6% in the second quarter. Teachers Advisors LLC now owns 677,421 shares of the company’s stock valued at $11,990,000 after buying an additional 401,628 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of New York Times by 247.9% in the third quarter. JPMorgan Chase & Co. now owns 539,700 shares of the company’s stock valued at $10,606,000 after buying an additional 384,565 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of New York Times by 11.4% in the second quarter. Renaissance Technologies LLC now owns 1,793,500 shares of the company’s stock valued at $31,745,000 after buying an additional 183,000 shares during the period. Institutional investors own 67.90% of the company’s stock.

Several brokerages have recently weighed in on NYT. Zacks Investment Research upgraded New York Times from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, November 3rd. ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group restated a “hold” rating and issued a $18.00 price objective on shares of New York Times in a report on Monday, October 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.45.

Shares of New York Times Company (NYSE NYT) opened at $18.60 on Wednesday. The stock has a market capitalization of $3,016.12, a price-to-earnings ratio of 25.83 and a beta of 1.64. 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 Company has a 52-week low of $13.00 and a 52-week high of $20.15.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $385.60 million for the quarter, compared to analyst estimates of $390.13 million. New York Times had a return on equity of 13.46% and a net margin of 6.02%. New York Times’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. research analysts anticipate that New York Times Company will post 0.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, January 9th. New York Times’s dividend payout ratio (DPR) is presently 26.67%.

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

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