Thematics Asset Management Reduces Position in The New York Times Company (NYSE:NYT)

Thematics Asset Management trimmed its holdings in shares of The New York Times Company (NYSE:NYTFree Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,349 shares of the company’s stock after selling 4,236 shares during the quarter. Thematics Asset Management owned 0.07% of New York Times worth $5,504,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NYT. Covestor Ltd increased its holdings in New York Times by 9.6% in the third quarter. Covestor Ltd now owns 2,659 shares of the company’s stock valued at $110,000 after buying an additional 232 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in New York Times by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 70,924 shares of the company’s stock valued at $2,922,000 after buying an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in New York Times by 1.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,576 shares of the company’s stock valued at $1,013,000 after buying an additional 420 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in New York Times by 15.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,289 shares of the company’s stock valued at $161,000 after buying an additional 451 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in New York Times by 1.6% in the third quarter. Victory Capital Management Inc. now owns 29,091 shares of the company’s stock valued at $1,199,000 after buying an additional 458 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Stock Down 1.2 %

NYT traded down $0.62 during trading on Friday, reaching $50.28. The stock had a trading volume of 752,857 shares, compared to its average volume of 980,634. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 33.52 and a beta of 1.05. The New York Times Company has a 1-year low of $36.54 and a 1-year high of $51.98. The stock has a 50 day moving average of $46.15 and a two-hundred day moving average of $45.97.

New York Times (NYSE:NYTGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. The firm had revenue of $594.00 million during the quarter, compared to the consensus estimate of $591.97 million. New York Times had a return on equity of 17.33% and a net margin of 10.19%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, research analysts forecast that The New York Times Company will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at New York Times

In other New York Times news, CAO R Anthony Benten sold 5,171 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $48.98, for a total value of $253,275.58. Following the transaction, the chief accounting officer now owns 38,576 shares of the company’s stock, valued at $1,889,452.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other New York Times news, CEO Levien Meredith A. Kopit sold 12,548 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $47.72, for a total transaction of $598,790.56. Following the sale, the chief executive officer now directly owns 120,072 shares of the company’s stock, valued at approximately $5,729,835.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO R Anthony Benten sold 5,171 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $48.98, for a total transaction of $253,275.58. Following the sale, the chief accounting officer now directly owns 38,576 shares in the company, valued at $1,889,452.48. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NYT. Evercore ISI upped their target price on New York Times from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Citigroup began coverage on New York Times in a report on Tuesday, March 12th. They set a “buy” rating and a $52.00 target price for the company. Argus raised New York Times from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Monday, March 4th. Finally, StockNews.com upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, New York Times has an average rating of “Moderate Buy” and a consensus price target of $46.71.

View Our Latest Stock Report on New York Times

New York Times Profile

(Free Report)

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.

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

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