Waverton Investment Management Ltd increased its holdings in New York Times Co (NYSE:NYT) by 10.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,755 shares of the company’s stock after buying an additional 2,169 shares during the period. Waverton Investment Management Ltd’s holdings in New York Times were worth $529,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of New York Times by 9.8% in the second quarter. Renaissance Technologies LLC now owns 1,107,300 shares of the company’s stock worth $28,679,000 after buying an additional 98,700 shares in the last quarter. Macquarie Group Ltd. raised its position in New York Times by 2.6% during the third quarter. Macquarie Group Ltd. now owns 1,787,147 shares of the company’s stock valued at $41,372,000 after purchasing an additional 45,530 shares in the last quarter. Royal London Asset Management Ltd. raised its position in New York Times by 138.8% during the third quarter. Royal London Asset Management Ltd. now owns 73,617 shares of the company’s stock valued at $1,702,000 after purchasing an additional 42,789 shares in the last quarter. Stevens Capital Management LP raised its position in New York Times by 14.2% during the third quarter. Stevens Capital Management LP now owns 30,893 shares of the company’s stock valued at $715,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Arizona State Retirement System raised its position in New York Times by 12.8% during the third quarter. Arizona State Retirement System now owns 100,198 shares of the company’s stock valued at $2,320,000 after purchasing an additional 11,349 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

NYSE NYT traded up $0.04 during trading hours on Monday, reaching $24.32. 7,870 shares of the stock traded hands, compared to its average volume of 1,866,400. New York Times Co has a 1 year low of $19.30 and a 1 year high of $28.72. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 30.35 and a beta of 1.22.

New York Times (NYSE:NYT) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The business had revenue of $417.30 million for the quarter, compared to the consensus estimate of $409.80 million. New York Times had a return on equity of 15.14% and a net margin of 0.79%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. On average, equities analysts expect that New York Times Co will post 0.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Wednesday, January 9th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $0.16 annualized dividend and a dividend yield of 0.66%. New York Times’s dividend payout ratio is currently 20.00%.

A number of research firms have weighed in on NYT. Zacks Investment Research restated a “hold” rating on shares of New York Times in a research report on Wednesday, November 14th. ValuEngine upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Evercore ISI began coverage on New York Times in a research report on Thursday, December 13th. They set an “outperform” rating on the stock. Barclays downgraded New York Times from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $20.00 to $18.00 in a research report on Tuesday, November 6th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price target on New York Times to $32.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. New York Times currently has a consensus rating of “Buy” and an average target price of $25.33.

In related news, CEO Mark Thompson sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $25.90, for a total value of $1,036,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Denham sold 3,492 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $27.84, for a total value of $97,217.28. Following the completion of the sale, the director now directly owns 45,237 shares in the company, valued at $1,259,398.08. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

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New York Times Company Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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

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