SG Americas Securities LLC Cuts Position in The New York Times Company $NYT

SG Americas Securities LLC trimmed its holdings in shares of The New York Times Company (NYSE:NYT) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,940 shares of the company’s stock after selling 14,087 shares during the period. SG Americas Securities LLC’s holdings in New York Times were worth $3,050,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NYT. Larson Financial Group LLC raised its stake in shares of New York Times by 59.6% in the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 245 shares during the period. Whittier Trust Co. acquired a new stake in New York Times in the 3rd quarter valued at $42,000. Grove Bank & Trust purchased a new position in New York Times in the fourth quarter valued at about $42,000. Geneos Wealth Management Inc. raised its position in 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 purchasing an additional 739 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake 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 purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Guggenheim set a $63.00 target price on New York Times and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Barclays upped their price target on New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. Morgan Stanley set a $68.00 price objective on shares of New York Times in a research report on Thursday, December 18th. Wall Street Zen lowered shares of New York Times from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of New York Times from $71.00 to $74.00 and gave the stock 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 given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.86.

Insider Buying and Selling

In other New York Times news, CAO R Anthony Benten sold 1,913 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total transaction of $140,739.41. Following the transaction, the chief accounting officer directly owned 37,772 shares in the company, valued at $2,778,886.04. This represents a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total transaction of $1,039,350.00. Following the transaction, the chairman directly owned 172,338 shares of the company’s stock, valued at approximately $13,778,423.10. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,913 shares of company stock worth $2,214,369. Insiders own 1.90% of the company’s stock.

Key Headlines Impacting New York Times

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

• Positive Sentiment: NYT’s reporting was cited by other outlets after a Reuters story said Elon Musk asked banks working on a SpaceX IPO to buy subscriptions to Grok — highlighting NYT’s scoop potential and driving referral traffic and credibility gains. Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports
• Positive Sentiment: Coverage of SpaceX’s IPO filing is a big traffic driver; major tech/finance stories typically boost pageviews and subscription sign-ups. SpaceX Files to Go Public, Setting Stage for Huge I.P.O.
• Positive Sentiment: Extensive live coverage of the Iran conflict and related political developments (multiple live updates and analysis pieces) likely increased real-time traffic and engagement, supporting short-term advertising revenue and potential subscription conversions. Iran War Live Updates: American Rescued, Search for 2nd Underway, From Downed Jet
• Positive Sentiment: Nasa/Artemis coverage (first Earth photos from Artemis II) is high-interest, broad-appeal content that typically lifts engagement beyond politics and business. NASA Unveils 1st Earth Photos From Artemis II: ‘You Look Beautiful.’
• Neutral Sentiment: Political and legal coverage (Trump administration moves, elections, Pam Bondi coverage) continues to be a steady source of traffic but may be already priced in given sustained focus on these topics. Pam Bondi Wanted a Graceful Exit. But Trump Wanted Her Gone.
• Neutral Sentiment: Macro coverage such as “Strong Jobs Numbers Make the Fed’s Job Easier” may affect advertiser sentiment broadly, but its direct short-term impact on NYT revenue is uncertain. Strong Jobs Numbers Make the Fed’s Job Easier

New York Times Stock Performance

NYSE:NYT opened at $85.66 on Friday. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 2.65 and a beta of 1.06. The New York Times Company has a one year low of $44.83 and a one year high of $86.17. The business’s 50-day simple moving average is $77.58 and its 200 day simple moving average is $68.24.

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

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This is an increase from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.1%. New York Times’s dividend payout ratio is 44.02%.

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.