New York Times Co (NYSE:NYT) saw unusually large options trading activity on Thursday. Stock traders purchased 3,633 put options on the company. This represents an increase of approximately 6,505% compared to the typical volume of 55 put options.

A number of equities research analysts have 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 report on Monday, October 16th. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. New York Times has an average rating of “Hold” and an average price target of $15.45.

Several institutional investors and hedge funds have recently made changes to their positions in NYT. Russell Investments Group Ltd. increased its stake in shares of New York Times by 63.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 27,313 shares of the company’s stock worth $483,000 after purchasing an additional 10,619 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of New York Times by 2.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 775,671 shares of the company’s stock worth $13,730,000 after purchasing an additional 19,976 shares during the last quarter. First Trust Advisors LP increased its stake in shares of New York Times by 43.7% during the 2nd quarter. First Trust Advisors LP now owns 35,962 shares of the company’s stock worth $637,000 after purchasing an additional 10,935 shares during the last quarter. Legal & General Group Plc increased its stake in shares of New York Times by 20.0% during the 2nd quarter. Legal & General Group Plc now owns 97,781 shares of the company’s stock worth $1,729,000 after purchasing an additional 16,327 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of New York Times by 6.3% during the 2nd quarter. Prudential Financial Inc. now owns 85,811 shares of the company’s stock worth $1,519,000 after purchasing an additional 5,100 shares during the last quarter. Institutional investors own 67.90% of the company’s stock.

Shares of New York Times (NYSE NYT) opened at $21.90 on Friday. New York Times has a 12-month low of $13.00 and a 12-month high of $21.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $3,275.57, a P/E ratio of 36.50 and a beta of 1.65.

New York Times (NYSE:NYT) last released 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. New York Times had a net margin of 6.02% and a return on equity of 13.46%. The company had revenue of $385.60 million during the quarter, compared to the consensus estimate of $390.13 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. equities analysts expect that New York Times will post 0.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.16 annualized dividend and a dividend yield of 0.73%. New York Times’s dividend payout ratio (DPR) is 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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