SG Americas Securities LLC Acquires 153,874 Shares of The New York Times Company $NYT

SG Americas Securities LLC raised its holdings in shares of The New York Times Company (NYSE:NYT) by 350.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 197,814 shares of the company’s stock after acquiring an additional 153,874 shares during the period. SG Americas Securities LLC’s holdings in New York Times were worth $16,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP grew its position in New York Times by 233.4% during the 3rd quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock worth $3,621,000 after acquiring an additional 44,161 shares during the last quarter. Intech Investment Management LLC lifted its position in New York Times by 143.6% in the third quarter. Intech Investment Management LLC now owns 232,445 shares of the company’s stock valued at $13,342,000 after purchasing an additional 137,037 shares during the last quarter. Long Corridor Asset Management Ltd lifted its position in New York Times by 14.5% in the third quarter. Long Corridor Asset Management Ltd now owns 157,500 shares of the company’s stock valued at $9,040,000 after purchasing an additional 20,000 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of New York Times by 21.3% during the third quarter. Bahl & Gaynor Inc. now owns 97,265 shares of the company’s stock valued at $5,583,000 after purchasing an additional 17,080 shares during the period. Finally, Genus Capital Management Inc. purchased a new stake in shares of New York Times during the fourth quarter valued at approximately $4,945,000. 95.37% of the stock is owned by institutional investors.

New York Times News Summary

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

• Negative Sentiment: Bank of America lowered its price target on NYT to $80 from $87 and kept a neutral rating, which can weigh on sentiment even though the new target still implies upside from current levels. Benzinga
• Negative Sentiment: The company amended its lawsuit against OpenAI and Microsoft, accusing Microsoft of encouraging OpenAI to train AI systems using copyrighted Times articles. The case highlights continued legal costs and uncertainty around how NYT monetizes its journalism in the AI era. The New York Times Amends Lawsuit Against OpenAI and Microsoft
• Neutral Sentiment: NYT continued to publish a steady stream of election, politics, world news, sports, and culture coverage, including World Cup live blogs and primary election results. These articles support traffic and engagement, but they are not immediate stock-moving catalysts. Ecuador beat Germany to book place in World Cup 2026 knockouts after Plata winning goal: Live updates

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NYT shares. Morgan Stanley set a $90.00 target price on shares of New York Times in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $95.00 price target on shares of New York Times in a report on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on shares of New York Times from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Guggenheim boosted their price target on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, New York Times presently has an average rating of “Moderate Buy” and an average price target of $83.22.

New York Times Trading Down 3.6%

Shares of NYSE NYT opened at $68.65 on Friday. The firm has a fifty day simple moving average of $76.24 and a two-hundred day simple moving average of $75.46. The New York Times Company has a 12 month low of $51.03 and a 12 month high of $87.10. The firm has a market capitalization of $11.11 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The company had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. New York Times’s quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that The New York Times Company will post 2.93 earnings per share for the current year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. New York Times’s dividend payout ratio is currently 39.48%.

Insider Transactions at New York Times

In related news, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the sale, the executive vice president directly owned 23,873 shares of the company’s stock, valued at $1,769,944.22. This represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David S. Perpich sold 9,000 shares of the company’s 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 completion of the sale, the director directly owned 28,469 shares in the company, valued at approximately $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,121 shares of company stock valued at $1,310,920. Corporate insiders own 1.90% of the company’s stock.

About New York Times

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.