111 Capital Invests $570,000 in The New York Times Company $NYT

111 Capital bought a new stake in The New York Times Company (NYSE:NYTFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,936 shares of the company’s stock, valued at approximately $570,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its holdings in New York Times by 233.4% in the third quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock valued at $3,621,000 after purchasing an additional 44,161 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in New York Times by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 142,642 shares of the company’s stock worth $8,188,000 after purchasing an additional 31,507 shares during the last quarter. Jump Financial LLC raised its position in shares of New York Times by 362.7% in the 2nd quarter. Jump Financial LLC now owns 153,506 shares of the company’s stock valued at $8,593,000 after purchasing an additional 120,327 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of New York Times by 35.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 94,722 shares of the company’s stock valued at $5,428,000 after buying an additional 24,574 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of New York Times by 143.6% during the third quarter. Intech Investment Management LLC now owns 232,445 shares of the company’s stock worth $13,342,000 after buying an additional 137,037 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of NYT stock opened at $80.35 on Tuesday. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $81.06. The firm has a market capitalization of $13.04 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. The stock has a fifty day moving average of $72.24 and a two-hundred day moving average of $64.55.

New York Times (NYSE:NYTGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. New York Times had a return on equity of 21.02% and a net margin of 12.18%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. Equities research analysts predict that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Wednesday, April 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a yield of 1.1%. This is a positive change from New York Times’s previous quarterly dividend of $0.18. New York Times’s dividend payout ratio (DPR) is 34.45%.

Insiders Place Their Bets

In other New York Times news, CAO R Anthony Benten sold 1,913 shares of the business’s 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 sale, the chief accounting officer directly owned 37,772 shares of the company’s stock, valued at $2,778,886.04. The trade was a 4.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

More New York Times News

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

Analyst Ratings Changes

NYT has been the topic of a number of research analyst reports. UBS Group set a $62.00 price objective on shares of New York Times in a research note on Thursday, November 6th. Argus upgraded shares of New York Times to a “strong-buy” rating in a research note on Thursday, February 19th. Evercore reiterated an “outperform” rating on shares of New York Times in a research note on Thursday, February 5th. Morgan Stanley set a $68.00 price objective on New York Times in a research note on Thursday, December 18th. Finally, Barclays increased their target price 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, New York Times has a consensus rating of “Moderate Buy” and an average price target of $68.43.

Get Our Latest Stock Report on New York Times

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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