Traders Purchase Large Volume of New York Times Put Options (NYT)

New York Times Co (NYSE:NYT) was the target of some unusual options trading activity on Thursday. Stock traders bought 3,633 put options on the stock. This is an increase of 6,505% compared to the average daily volume of 55 put options.

Several research firms recently commented on NYT. Zacks Investment Research raised shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, November 3rd. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group restated a “hold” rating and issued a $18.00 price target on shares of New York Times in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.45.

Shares of New York Times (NYSE NYT) opened at $21.90 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $3,275.57, a P/E ratio of 36.50 and a beta of 1.65. New York Times has a 12-month low of $13.00 and a 12-month high of $21.98.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The business had revenue of $385.60 million during the quarter, compared to the consensus estimate of $390.13 million. New York Times had a net margin of 6.02% and a return on equity of 13.46%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. research analysts forecast that New York Times will post 0.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, January 10th will be given a $0.04 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.16 annualized dividend and a dividend yield of 0.73%. New York Times’s dividend payout ratio (DPR) is presently 26.67%.

Several large investors have recently modified their holdings of the stock. Syntal Capital Partners LLC lifted its position in shares of New York Times by 81.3% in the 4th quarter. Syntal Capital Partners LLC now owns 75,174 shares of the company’s stock valued at $1,390,000 after acquiring an additional 33,717 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of New York Times in the 4th quarter valued at approximately $186,000. Schwab Charles Investment Management Inc. lifted its position in New York Times by 0.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 807,616 shares of the company’s stock worth $14,941,000 after buying an additional 5,774 shares in the last quarter. Wasatch Advisors Inc. lifted its position in New York Times by 70.2% in the 4th quarter. Wasatch Advisors Inc. now owns 400,935 shares of the company’s stock worth $7,417,000 after buying an additional 165,326 shares in the last quarter. Finally, Invictus RG lifted its position in New York Times by 25.4% in the 3rd quarter. Invictus RG now owns 22,064 shares of the company’s stock worth $432,000 after buying an additional 4,474 shares in the last quarter. Institutional investors and hedge funds own 67.90% of the company’s stock.

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New York Times Company Profile

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.

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