Dynamic Technology Lab Private Ltd Decreases Stake in The New York Times Company $NYT

Dynamic Technology Lab Private Ltd reduced its holdings in shares of The New York Times Company (NYSE:NYT) by 56.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,455 shares of the company’s stock after selling 11,094 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in New York Times were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC raised its position in New York Times by 78.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock worth $233,265,000 after buying an additional 1,836,788 shares during the last quarter. Abrams Bison Investments LLC purchased a new stake in shares of New York Times during the 2nd quarter valued at about $78,932,000. Boston Trust Walden Corp bought a new stake in shares of New York Times in the third quarter worth approximately $58,209,000. Marshall Wace LLP grew its stake in shares of New York Times by 62.5% in the second quarter. Marshall Wace LLP now owns 1,858,061 shares of the company’s stock worth $104,014,000 after acquiring an additional 714,366 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of New York Times by 502.2% during the second quarter. American Century Companies Inc. now owns 789,142 shares of the company’s stock valued at $44,176,000 after purchasing an additional 658,102 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Stock Performance

NYT opened at $78.24 on Thursday. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 2.44 and a beta of 1.09. The firm’s fifty day moving average is $73.66 and its 200 day moving average is $65.53. The New York Times Company has a fifty-two week low of $44.83 and a fifty-two week high of $82.74.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $802.31 million during the quarter, compared to analyst estimates of $791.55 million. During the same quarter in the prior year, the business posted $0.80 EPS. New York Times’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.23 per share. This is a boost 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 annualized dividend and a yield of 1.2%. New York Times’s dividend payout ratio is 34.45%.

More New York Times News

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

• Positive Sentiment: Extensive live coverage of maritime attacks and other Iran-war developments is likely driving real-time traffic and subscriptions; major breaking-news events historically boost engagement and retention for NYT’s digital products. Live Updates: At Least 3 Ships Come Under Attack Near Key Oil Passage
• Positive Sentiment: High-profile investigative/political reporting (e.g., a U.S. inquiry finding U.S. responsibility for a strike on a school in Iran) sustains subscriber interest in premium journalism, supporting recurring revenue. U.S. at Fault in Strike on School in Iran, Preliminary Inquiry Says
• Positive Sentiment: In-depth international reporting on leadership and battlefield developments (e.g., reports the new Iranian leader was wounded) reinforces NYT’s value proposition for global news consumers. New Iranian Leader Was Wounded Early in the War, Iranian and Israeli Officials Say
• Neutral Sentiment: Policy and travel reporting (e.g., restart of Global Entry) is useful for readers but is unlikely to move near-term revenue materially. Trump Administration Restarts Global Entry Program
• Neutral Sentiment: Feature and cultural pieces (Minecraft censorship, arts obituaries, sports features) maintain engagement and diversify content but are lower-impact for immediate revenue. Where Censored Words Find a Safe Haven: Inside Minecraft
• Negative Sentiment: Coverage showing rising U.S. gas prices and broader oil-market moves points to macro risks that can depress ad spending and investor sentiment; energy-driven market volatility can pressure NYT’s ad revenue and share price. U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
• Negative Sentiment: Analysis on how the Iran conflict is disrupting essential goods and rattling markets underscores potential economic headwinds that could reduce advertiser budgets and weigh on NYT’s top line. It’s Not Just Oil. The Iran War Is Disrupting Many Essential Goods.

Insider Buying and Selling

In other New York Times news, Chairman Arthur G. Sulzberger sold 13,000 shares of the 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 directly owned 172,338 shares of the company’s stock, valued at $13,778,423.10. This trade represents a 7.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO R Anthony Benten sold 1,913 shares of New York Times stock in a transaction that occurred 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 owned 37,772 shares in the company, valued at approximately $2,778,886.04. The trade was a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,913 shares of company stock valued at $2,214,369. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective 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. 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. Barclays boosted their target price on shares of New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. Argus upgraded New York Times to a “strong-buy” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, New York Times presently has a consensus rating of “Moderate Buy” and an average target price of $68.43.

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.