Prudential Financial Inc. grew its holdings in New York Times Co (NYSE:NYT) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,982 shares of the company’s stock after purchasing an additional 401 shares during the quarter. Prudential Financial Inc.’s holdings in New York Times were worth $2,903,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NYT. Geode Capital Management LLC grew its position in shares of New York Times by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 1,460,582 shares of the company’s stock valued at $32,556,000 after purchasing an additional 137,746 shares during the last quarter. State Treasurer State of Michigan grew its position in shares of New York Times by 0.6% in the first quarter. State Treasurer State of Michigan now owns 50,600 shares of the company’s stock valued at $1,662,000 after purchasing an additional 300 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of New York Times by 2.1% in the first quarter. Mason Street Advisors LLC now owns 75,510 shares of the company’s stock valued at $2,481,000 after purchasing an additional 1,567 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of New York Times by 589.6% in the first quarter. JPMorgan Chase & Co. now owns 4,920,231 shares of the company’s stock valued at $161,630,000 after purchasing an additional 4,206,741 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in shares of New York Times in the first quarter valued at about $263,000. 91.12% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on NYT. ValuEngine downgraded New York Times from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised New York Times from a “sell” rating to a “hold” rating and set a $32.00 target price on the stock in a research report on Wednesday, September 11th. Finally, Evercore ISI set a $38.00 target price on New York Times and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. New York Times presently has a consensus rating of “Buy” and a consensus price target of $32.20.

NYT stock traded up $0.05 during trading on Monday, reaching $29.62. 12,398 shares of the stock were exchanged, compared to its average volume of 1,180,855. New York Times Co has a twelve month low of $21.34 and a twelve month high of $36.25. The company has a market capitalization of $4.90 billion, a P/E ratio of 36.67 and a beta of 1.20. The stock has a 50 day simple moving average of $30.82 and a 200-day simple moving average of $32.88.

New York Times (NYSE:NYT) last released its earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. New York Times had a return on equity of 13.40% and a net margin of 7.55%. The business had revenue of $436.30 million for the quarter, compared to the consensus estimate of $439.20 million. During the same period last year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts expect that New York Times Co will post 0.81 EPS for the current fiscal year.

New York Times Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers 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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