Los Angeles Capital Management LLC Reduces Holdings in The New York Times Company $NYT

Los Angeles Capital Management LLC trimmed its stake in The New York Times Company (NYSE:NYT) by 11.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 113,686 shares of the company’s stock after selling 15,180 shares during the period. Los Angeles Capital Management LLC’s holdings in New York Times were worth $7,892,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NYT. AQR Capital Management LLC grew its position in shares of New York Times by 78.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock valued at $233,265,000 after buying an additional 1,836,788 shares during the last quarter. Two Sigma Investments LP grew its position in shares of New York Times by 98.5% in the 3rd quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock valued at $117,993,000 after buying an additional 1,020,031 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of New York Times by 77.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,924,396 shares of the company’s stock valued at $133,592,000 after buying an additional 838,305 shares during the last quarter. American Century Companies Inc. grew its position in shares of New York Times by 73.0% in the 3rd quarter. American Century Companies Inc. now owns 1,365,608 shares of the company’s stock valued at $78,386,000 after buying an additional 576,466 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of New York Times by 35.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,574,005 shares of the company’s stock valued at $90,348,000 after buying an additional 411,125 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other New York Times news, EVP William Bardeen sold 4,121 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total transaction of $320,819.85. Following the transaction, the executive vice president directly owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. This trade represents a 22.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David S. Perpich sold 9,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the transaction, the director directly owned 28,469 shares in the company, valued at $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 17,121 shares of company stock valued at $1,310,920. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NYT shares. Argus raised shares of New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. Morgan Stanley set a $90.00 target price on shares of New York Times in a research report on Thursday, May 7th. Barclays increased their target price on shares of New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and issued a $92.00 target price on shares of New York Times in a research report on Thursday, May 7th. Finally, Citigroup increased their target price on shares of New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.67.

New York Times Stock Performance

Shares of New York Times stock opened at $73.91 on Tuesday. The New York Times Company has a 1 year low of $51.03 and a 1 year high of $87.10. The company has a market capitalization of $11.96 billion, a P/E ratio of 31.72, a PEG ratio of 1.59 and a beta of 0.95. The company’s fifty day moving average is $78.96 and its two-hundred day moving average is $74.68.

New York Times (NYSE:NYT) last issued 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 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 the consensus estimate of $699.93 million. During the same period last year, the firm posted $0.41 EPS. New York Times’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts expect that The New York Times Company will post 2.93 earnings per share for the current year.

Key New York Times News

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

• Positive Sentiment: The New York Times continued to publish high-interest coverage across major news, politics, business and culture topics, including Iran-Israel tensions, AI in medicine, and the Tony Awards, which helps support audience engagement and subscription demand.
• Positive Sentiment: Several stories were part of The Athletic and other premium coverage areas, reinforcing the value of NYT’s subscription bundle and its broader digital content offering.
• Neutral Sentiment: Multiple articles focused on one-off events and general news rather than company-specific developments, so they are unlikely to materially affect revenue or earnings in the near term.
• Neutral Sentiment: No new earnings update, guidance change, major acquisition, or management announcement was included in the latest items.
• Negative Sentiment: The stock’s weakness appears more tied to broader market rotation or profit-taking than to any clearly negative NYT-specific news in the provided articles.

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.