The New York Times Company (NYSE:NYT) Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in shares of The New York Times Company (NYSE:NYTGet Rating) by 9.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,923 shares of the company’s stock after buying an additional 442 shares during the quarter. Van ECK Associates Corp’s holdings in New York Times were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of New York Times by 3,754.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 925 shares of the company’s stock worth $25,000 after buying an additional 901 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of New York Times in the 3rd quarter worth approximately $27,000. CWM LLC raised its holdings in shares of New York Times by 656.7% in the 2nd quarter. CWM LLC now owns 1,241 shares of the company’s stock worth $35,000 after purchasing an additional 1,077 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of New York Times in the 3rd quarter worth approximately $40,000. Finally, Heritage Financial Services LLC bought a new stake in shares of New York Times in the 2nd quarter worth approximately $47,000. 99.15% of the stock is currently owned by institutional investors.

Insider Activity at New York Times

In related news, Director David S. Perpich sold 6,478 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $35.71, for a total transaction of $231,329.38. Following the transaction, the director now directly owns 19,699 shares of the company’s stock, valued at $703,451.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NYT shares. Morgan Stanley downgraded shares of New York Times from an “overweight” rating to an “equal weight” rating and set a $37.00 target price on the stock. in a report on Friday, December 16th. TheStreet upgraded shares of New York Times from a “c+” rating to a “b-” rating in a report on Monday, December 5th. Finally, StockNews.com started coverage on shares of New York Times in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.75.

New York Times Price Performance

NYT stock opened at $32.81 on Friday. The New York Times Company has a 52-week low of $27.58 and a 52-week high of $47.67. The company’s 50 day simple moving average is $34.20 and its 200-day simple moving average is $31.81. The firm has a market capitalization of $5.43 billion, a P/E ratio of 31.85 and a beta of 1.05.

New York Times (NYSE:NYTGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. New York Times had a net margin of 7.74% and a return on equity of 11.76%. The business had revenue of $547.68 million for the quarter, compared to analyst estimates of $547.11 million. Sell-side analysts predict that The New York Times Company will post 1.08 EPS for the current fiscal year.

New York Times Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Wednesday, January 4th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, January 3rd. New York Times’s payout ratio is presently 34.95%.

New York Times Company Profile

(Get Rating)

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

See Also

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

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