Strs Ohio Has $220,000 Stock Holdings in The New York Times Company $NYT

Strs Ohio lowered its holdings in The New York Times Company (NYSE:NYTFree Report) by 90.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,837 shares of the company’s stock after selling 35,168 shares during the quarter. Strs Ohio’s holdings in New York Times were worth $220,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NYT. Figure 8 Investment Strategies LLC grew its stake in shares of New York Times by 1.7% in the third quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock worth $644,000 after acquiring an additional 185 shares during the last quarter. MAI Capital Management grew its position in New York Times by 7.2% in the 2nd quarter. MAI Capital Management now owns 3,516 shares of the company’s stock worth $197,000 after purchasing an additional 236 shares during the last quarter. ProShare Advisors LLC grew its position in New York Times by 3.5% in the 2nd quarter. ProShare Advisors LLC now owns 7,195 shares of the company’s stock worth $403,000 after purchasing an additional 243 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of New York Times by 14.9% during the 3rd quarter. Blue Trust Inc. now owns 2,032 shares of the company’s stock worth $117,000 after purchasing an additional 263 shares during the period. Finally, Confluence Wealth Services Inc. raised its position in shares of New York Times by 1.2% during the second quarter. Confluence Wealth Services Inc. now owns 25,892 shares of the company’s stock valued at $1,449,000 after buying an additional 296 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

New York Times Stock Performance

Shares of NYSE NYT opened at $73.66 on Tuesday. The New York Times Company has a 52-week low of $44.83 and a 52-week high of $74.04. The business has a fifty day moving average of $69.34 and a two-hundred day moving average of $61.90. The stock has a market cap of $11.96 billion, a PE ratio of 35.93, a PEG ratio of 1.60 and a beta of 1.11.

New York Times (NYSE:NYTGet Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $700.82 million during the quarter, compared to analysts’ expectations of $692.01 million. New York Times had a net margin of 12.29% and a return on equity of 20.30%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. Analysts predict that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, January 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, January 6th. New York Times’s payout ratio is presently 35.12%.

Key Headlines Impacting New York Times

Here are the key news stories impacting New York Times this week:

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NYT. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. Evercore ISI restated an “outperform” rating on shares of New York Times in a research report on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. UBS Group set a $62.00 price target on shares of New York Times in a research note on Thursday, November 6th. Finally, Citigroup boosted their price target on shares of New York Times from $72.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.43.

Get Our Latest Research Report on NYT

About New York Times

(Free Report)

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

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

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