New York Times (NYT) Downgraded by ValuEngine
New York Times (NYSE:NYT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, November 3rd. Jefferies Group reiterated a “hold” rating and issued a $18.00 target price on shares of New York Times in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.45.
New York Times (NYT) traded down $0.15 during trading hours on Friday, hitting $18.65. The company had a trading volume of 845,857 shares, compared to its average volume of 1,280,000. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3,020.00, a P/E ratio of 26.11 and a beta of 1.67. New York Times has a 12 month low of $12.65 and a 12 month high of $20.15.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of New York Times by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock worth $111,000 after buying an additional 673 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in New York Times by 6.9% during the second quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after acquiring an additional 429 shares during the last quarter. LS Investment Advisors LLC increased its stake in New York Times by 17.5% during the second quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock worth $173,000 after acquiring an additional 1,452 shares during the last quarter. Teacher Retirement System of Texas increased its stake in New York Times by 1.8% during the second quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock worth $183,000 after acquiring an additional 180 shares during the last quarter. Finally, Sei Investments Co. increased its stake in New York Times by 93.3% during the second quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock worth $183,000 after acquiring an additional 4,990 shares during the last quarter. Institutional investors own 67.92% of the company’s stock.
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About New York Times
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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