Wedge Capital Management L L P NC Sells 7,571 Shares of The New York Times Company $NYT

Wedge Capital Management L L P NC trimmed its stake in The New York Times Company (NYSE:NYT) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,675 shares of the company’s stock after selling 7,571 shares during the period. Wedge Capital Management L L P NC’s holdings in New York Times were worth $34,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of NYT. Wellington Management Group LLP increased its position in New York Times by 4.6% in the third quarter. Wellington Management Group LLP now owns 4,769,973 shares of the company’s stock worth $273,796,000 after buying an additional 209,616 shares in the last quarter. AQR Capital Management LLC increased its holdings in New York Times by 10.2% in the 3rd quarter. AQR Capital Management LLC now owns 4,613,289 shares of the company’s stock worth $264,803,000 after acquiring an additional 425,401 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in New York Times by 1.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,368,819 shares of the company’s stock worth $132,606,000 after acquiring an additional 43,595 shares during the period. Two Sigma Investments LP lifted its holdings in New York Times by 98.5% during the third quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock valued at $117,993,000 after purchasing an additional 1,020,031 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of New York Times by 62.5% in the second quarter. Marshall Wace LLP now owns 1,858,061 shares of the company’s stock worth $104,014,000 after purchasing an additional 714,366 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NYT shares. Guggenheim set a $63.00 price target on New York Times and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price on New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Wall Street Zen cut New York Times from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Evercore reaffirmed an “outperform” rating on shares of New York Times in a report on Thursday, February 5th. Finally, Citigroup upped their target price on shares of New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.86.

New York Times Stock Performance

NYT stock opened at $82.84 on Friday. The firm has a fifty day moving average price of $76.23 and a 200 day moving average price of $67.33. The New York Times Company has a fifty-two week low of $44.83 and a fifty-two week high of $85.61. The firm has a market cap of $13.36 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The company had revenue of $802.31 million for the quarter, compared to the consensus estimate of $791.55 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. New York Times’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts predict that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.92 annualized dividend and a dividend yield of 1.1%. This is a positive change from New York Times’s previous quarterly dividend of $0.18. New York Times’s dividend payout ratio is currently 34.45%.

Trending Headlines about New York Times

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

• Positive Sentiment: Analyst endorsements supporting near-term upside — Citigroup’s positive take and other bullish write-ups highlight NYT’s growth profile and could underpin the stock. New York Times (NYSE:NYT) Stock Price Expected to Rise, Citigroup Analyst Says
• Positive Sentiment: Third‑party research flags NYT as a top-ranked growth stock, reinforcing investor interest in subscription-driven digital media names. New York Times Co. (NYT) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: High-traffic editorial coverage (e.g., March Madness live updates and other sports/live events) can boost engagement and subscriptions seasonally; this content cadence supports recurring revenue but is not an immediate earnings surprise. Women’s March Madness Sweet 16 live updates: Vanderbilt-Notre Dame predictions, lastest news from NCAA Tournament
• Neutral Sentiment: Ongoing broad news coverage (politics, international events, sports) sustains traffic but also raises content costs; steady subscriber growth remains the key fundamental metric to watch in upcoming reports.
• Negative Sentiment: Market-wide selloff tied to the Iran war and energy-price shocks has pressured media and growth stocks generally; macro-driven volatility is likely the main driver of today’s modest share weakness. U.S. Stocks Have Their Biggest Drop Since Start of Iran War
• Negative Sentiment: Political uncertainty around federal funding (D.H.S. measures and House-Senate tensions) is creating short-term market noise; such uncertainty can dent ad spending and broader market sentiment. Senate Votes to Fund Most of D.H.S. in Bid to End Partial Shutdown

Insider Activity at New York Times

In other New York Times news, EVP William Bardeen sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the sale, the executive vice president directly owned 18,681 shares of the company’s stock, valued at $1,486,260.36. The trade was a 41.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.95, for a total value of $1,039,350.00. Following the sale, the chairman owned 172,338 shares in the company, valued at approximately $13,778,423.10. This trade represents a 7.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 27,913 shares of company stock valued at $2,214,369. Insiders own 1.90% of the company’s stock.

New York Times Profile

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.