VIRGINIA RETIREMENT SYSTEMS ET Al Grows Holdings in The New York Times Company $NYT

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of The New York Times Company (NYSE:NYT) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,525 shares of the company’s stock after buying an additional 8,750 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in New York Times were worth $2,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of New York Times by 74.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after buying an additional 190 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of New York Times during the 4th quarter valued at approximately $32,000. SOA Wealth Advisors LLC. purchased a new position in shares of New York Times during the 4th quarter valued at approximately $34,000. Grove Bank & Trust purchased a new position in shares of New York Times during the 4th quarter valued at approximately $42,000. Finally, Larson Financial Group LLC boosted its stake in shares of New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 245 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other New York Times news, Director David S. Perpich sold 9,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the sale, the director directly owned 28,469 shares of the company’s stock, valued at $2,193,821.14. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Bardeen sold 4,121 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the sale, the executive vice president directly owned 14,560 shares in the company, valued at $1,133,496. This represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 41,034 shares of company stock valued at $3,228,729 over the last three months. Corporate insiders own 1.90% of the company’s stock.

New York Times Price Performance

Shares of NYT opened at $75.39 on Friday. The business’s fifty day moving average price is $80.93 and its 200 day moving average price is $72.88. The New York Times Company has a 12-month low of $51.03 and a 12-month high of $87.10. The stock has a market capitalization of $12.20 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that The New York Times Company will post 2.9 earnings per share for the current fiscal year.

Trending Headlines about New York Times

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

• Positive Sentiment: Recent coverage from Zacks described The New York Times Company as a top long-term growth stock, reinforcing the bullish case for its subscription-driven business model. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Positive Sentiment: MarketBeat noted Berkshire Hathaway’s New York Times position, which may support investor confidence in NYT’s long-term value. How Berkshire’s New York Times Bet Looks Today
• Neutral Sentiment: The New York Times published several major news stories, including political, economic, and investigative reporting, but these are unlikely to move the stock by themselves unless they support readership or engagement trends. Two of the World’s Most Powerful Men Are About to Meet
• Neutral Sentiment: The company’s broad editorial output remains active across politics, business, and international news, which is generally more relevant to audience engagement than near-term earnings. In a City of Big Dreams, Many Young Adults See a Cloudy Future
• Negative Sentiment: EVP William Bardeen sold 4,121 shares at $77.85, a disclosure that may be viewed as a modest negative signal for NYT shares. SEC insider transaction filing

Wall Street Analyst Weigh In

NYT has been the topic of several research analyst reports. Wall Street Zen upgraded New York Times from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Bank of America initiated coverage on New York Times in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $84.00 price objective on the stock. Guggenheim raised their price objective on New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley set a $90.00 price objective on New York Times in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.78.

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.