Teza Capital Management LLC Has $235,000 Holdings in The New York Times Company (NYSE:NYT)

Teza Capital Management LLC lessened its stake in The New York Times Company (NYSE:NYT – Get Rating) by 41.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,162 shares of the company’s stock after selling 5,701 shares during the period. Teza Capital Management LLC’s holdings in New York Times were worth $235,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in New York Times in the 2nd quarter worth approximately $755,000. Millennium Management LLC raised its position in New York Times by 242.8% in the 2nd quarter. Millennium Management LLC now owns 930,996 shares of the company’s stock worth $25,975,000 after purchasing an additional 659,430 shares during the last quarter. BlackDiamond Wealth Management Inc. raised its position in New York Times by 5.4% in the 3rd quarter. BlackDiamond Wealth Management Inc. now owns 12,420 shares of the company’s stock worth $364,000 after purchasing an additional 638 shares during the last quarter. CWM LLC raised its position in New York Times by 37.7% in the 3rd quarter. CWM LLC now owns 1,709 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in New York Times by 105.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 100,675 shares of the company’s stock worth $2,893,000 after purchasing an additional 51,699 shares during the last quarter. Institutional investors own 99.15% of the company’s stock.

Insider Activity at New York Times

In related news, CEO Levien Meredith A. Kopit sold 29,758 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $40.05, for a total value of $1,191,807.90. Following the completion of the transaction, the chief executive officer now directly owns 74,610 shares of the company’s stock, valued at approximately $2,988,130.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Levien Meredith A. Kopit sold 29,758 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $40.05, for a total value of $1,191,807.90. Following the completion of the transaction, the chief executive officer now directly owns 74,610 shares of the company’s stock, valued at approximately $2,988,130.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Roland A. Caputo sold 12,500 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $39.44, for a total transaction of $493,000.00. Following the completion of the transaction, the chief financial officer now directly owns 62,853 shares of the company’s stock, valued at $2,478,922.32. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

New York Times Stock Down 1.5 %

NYT opened at $35.92 on Tuesday. The New York Times Company has a 12 month low of $27.58 and a 12 month high of $47.67. The company has a fifty day simple moving average of $36.68 and a 200 day simple moving average of $33.57. The stock has a market cap of $5.91 billion, a P/E ratio of 34.21 and a beta of 0.99.

New York Times declared that its board has approved a share buyback program on Wednesday, February 8th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

New York Times Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 20th. Investors of record on Wednesday, April 5th will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from New York Times’s previous quarterly dividend of $0.09. New York Times’s dividend payout ratio is currently 34.29%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TheStreet upgraded shares of New York Times from a “c+” rating to a “b-” rating in a research report on Monday, December 5th. Barclays upgraded shares of New York Times from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $25.00 to $36.00 in a research report on Thursday, February 9th. Morgan Stanley upped their target price on shares of New York Times from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th. Finally, StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.08.

New York Times Profile

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The New York Times Co is a media organization, which engages in creating, collecting, and distributing news and information. It offers news products and other interest-specific products, and related content and services. It offers newspapers, print, and digital products and investments. The firm also manages The New York Times, NYTimes.com, and mobile applications.