Gilder Gagnon Howe & Co. LLC Sells 13,775 Shares of The New York Times Company $NYT

Gilder Gagnon Howe & Co. LLC decreased its position in The New York Times Company (NYSE:NYT) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,615,154 shares of the company’s stock after selling 13,775 shares during the period. New York Times comprises approximately 1.0% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 27th biggest holding. Gilder Gagnon Howe & Co. LLC owned 0.99% of New York Times worth $90,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Employees Retirement System of Texas bought a new stake in shares of New York Times in the second quarter valued at $28,000. Hantz Financial Services Inc. increased its holdings in New York Times by 4,591.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 551 shares during the last quarter. True Wealth Design LLC increased its holdings in New York Times by 519.6% in the 2nd quarter. True Wealth Design LLC now owns 570 shares of the company’s stock worth $32,000 after acquiring an additional 478 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in New York Times by 86.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock valued at $40,000 after acquiring an additional 330 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after purchasing an additional 739 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NYT has been the subject of several recent research reports. Barclays lifted their target price on shares of New York Times from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. UBS Group set a $62.00 price objective on shares of New York Times in a research note on Thursday, November 6th. Evercore ISI reissued an “outperform” rating on shares of New York Times in a report on Thursday, November 6th. Citigroup raised their price target on New York Times from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

New York Times Price Performance

NYSE NYT opened at $67.92 on Friday. The company’s 50 day simple moving average is $60.59 and its two-hundred day simple moving average is $58.00. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $68.48. The stock has a market capitalization of $11.03 billion, a PE ratio of 33.13, a P/E/G ratio of 1.69 and a beta of 1.16.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. New York Times had a net margin of 12.29% and a return on equity of 20.30%. The firm had revenue of $700.82 million during the quarter, compared to analyst estimates of $692.01 million. During the same period in the previous year, the business earned $0.45 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts anticipate that The New York Times Company will post 2.08 EPS for the current year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, October 8th. New York Times’s dividend payout ratio is currently 35.12%.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.