The New York Times Company $NYT Shares Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC raised its position in The New York Times Company (NYSE:NYT) by 37.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,029 shares of the company’s stock after purchasing an additional 14,812 shares during the quarter. New York Times accounts for approximately 0.9% of Blueshift Asset Management LLC’s holdings, making the stock its 8th largest holding. Blueshift Asset Management LLC’s holdings in New York Times were worth $3,025,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of NYT. First Citizens Bank & Trust Co. grew its stake in shares of New York Times by 264.0% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 16,951 shares of the company’s stock worth $949,000 after acquiring an additional 12,294 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in New York Times by 49.9% during the second quarter. Robeco Institutional Asset Management B.V. now owns 195,724 shares of the company’s stock worth $10,957,000 after purchasing an additional 65,175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in New York Times by 154.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,522 shares of the company’s stock valued at $3,685,000 after purchasing an additional 39,149 shares in the last quarter. Element Capital Management LLC acquired a new stake in New York Times in the 1st quarter valued at $2,742,000. Finally, Harbor Capital Advisors Inc. increased its stake in New York Times by 29.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,808 shares of the company’s stock valued at $1,725,000 after buying an additional 6,957 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Guggenheim raised their price objective on New York Times from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Zacks Research cut New York Times from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Morgan Stanley boosted their price target on New York Times from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Barclays increased their price objective on New York Times from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, New York Times currently has an average rating of “Moderate Buy” and a consensus target price of $63.57.

New York Times Price Performance

Shares of New York Times stock opened at $64.80 on Tuesday. The business has a fifty day simple moving average of $59.03 and a two-hundred day simple moving average of $57.38. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $65.32. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 1.41 and a beta of 1.14.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $700.82 million for the quarter, compared to analyst estimates of $692.01 million. New York Times had a net margin of 11.92% and a return on equity of 19.55%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, equities analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, October 8th. New York Times’s dividend payout ratio is currently 35.12%.

New York Times Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.