Amalgamated Bank Has $5.40 Million Holdings in The New York Times Company (NYSE:NYT)

Amalgamated Bank cut its holdings in shares of The New York Times Company (NYSE:NYTGet Rating) by 3.1% in the first quarter, HoldingsChannel reports. The fund owned 117,827 shares of the company’s stock after selling 3,819 shares during the quarter. Amalgamated Bank’s holdings in New York Times were worth $5,401,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in New York Times during the 4th quarter worth about $25,000. Bank of New Hampshire acquired a new stake in New York Times during the 1st quarter worth about $46,000. Quadrant Capital Group LLC boosted its position in New York Times by 135.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,027 shares of the company’s stock worth $47,000 after acquiring an additional 590 shares during the period. Raleigh Capital Management Inc. acquired a new stake in New York Times during the 1st quarter worth about $87,000. Finally, Signaturefd LLC boosted its position in New York Times by 152.5% during the 1st quarter. Signaturefd LLC now owns 2,209 shares of the company’s stock worth $101,000 after acquiring an additional 1,334 shares during the period. 97.42% of the stock is currently owned by institutional investors and hedge funds.

New York Times Stock Performance

NYT opened at $30.08 on Tuesday. The business has a 50 day moving average price of $31.07 and a 200 day moving average price of $35.33. The New York Times Company has a twelve month low of $27.63 and a twelve month high of $56.19. The firm has a market cap of $5.00 billion, a P/E ratio of 26.62 and a beta of 1.01.

New York Times (NYSE:NYTGet Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $555.70 million during the quarter, compared to analyst estimates of $553.74 million. New York Times had a return on equity of 12.20% and a net margin of 8.70%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. As a group, analysts anticipate that The New York Times Company will post 1.01 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Monday, July 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, July 8th. New York Times’s dividend payout ratio is currently 31.86%.

Wall Street Analysts Forecast Growth

NYT has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on New York Times from $54.00 to $41.00 in a report on Tuesday, June 14th. Barclays reduced their price target on New York Times from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, June 14th. Guggenheim reduced their price target on New York Times from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, July 21st. TheStreet lowered New York Times from a “b” rating to a “c” rating in a report on Monday, June 6th. Finally, Evercore ISI reduced their price target on New York Times from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.93.

New York Times Profile

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The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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

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