Algert Global LLC Has $15.13 Million Stock Position in The New York Times Company $NYT

Algert Global LLC boosted its stake in shares of The New York Times Company (NYSE:NYTFree Report) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,581 shares of the company’s stock after purchasing an additional 30,940 shares during the quarter. Algert Global LLC owned about 0.16% of New York Times worth $15,130,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Employees Retirement System of Texas bought a new stake in New York Times in the 2nd quarter valued at $28,000. Nomura Asset Management Co. Ltd. increased its position in New York Times by 86.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock worth $40,000 after buying an additional 330 shares during the period. Whittier Trust Co. acquired a new stake in shares of New York Times during the third quarter worth $42,000. Hantz Financial Services Inc. lifted its holdings in shares of New York Times by 49.4% during the third quarter. Hantz Financial Services Inc. now owns 841 shares of the company’s stock worth $48,000 after buying an additional 278 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of New York Times by 690.7% in the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after acquiring an additional 739 shares during the period. Institutional investors own 95.37% of the company’s stock.

Insider Transactions at New York Times

In other New York Times news, EVP William Bardeen sold 13,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the completion of the transaction, the executive vice president owned 18,681 shares of the company’s stock, valued at approximately $1,486,260.36. The trade was a 41.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.95, for a total transaction of $1,039,350.00. Following the completion of the sale, the chairman owned 172,338 shares in the company, valued at approximately $13,778,423.10. The trade was a 7.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 27,913 shares of company stock valued at $2,214,369. Corporate insiders own 1.90% of the company’s stock.

New York Times Trading Up 1.6%

NYSE NYT opened at $79.30 on Friday. The firm’s 50 day simple moving average is $74.02 and its 200 day simple moving average is $65.80. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 2.46 and a beta of 1.09. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $82.74.

New York Times (NYSE:NYTGet Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The business had revenue of $802.31 million during the quarter, compared to the consensus estimate of $791.55 million. During the same period in the previous year, the business earned $0.80 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.23 per share. This is an increase from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.2%. New York Times’s payout ratio is presently 34.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NYT shares. Citigroup decreased their price target on shares of New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Morgan Stanley set a $68.00 price objective on shares of New York Times in a report on Thursday, December 18th. Guggenheim set a $63.00 target price on shares of New York Times and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wall Street Zen cut shares of New York Times from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.43.

Read Our Latest Analysis on NYT

Key Headlines Impacting New York Times

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New York Times Company Profile

(Free Report)

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.

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

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