New York Times Co (NYT) Insider Carso S.A. De C.V. Inversora Sells 90,000 Shares

New York Times Co (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $24.13, for a total transaction of $2,171,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of New York Times Co (NYSE NYT) remained flat at $$24.10 during trading hours on Monday. The company’s stock had a trading volume of 3,065,395 shares, compared to its average volume of 2,829,245. The company has a market cap of $3,920.00, a price-to-earnings ratio of 803.33 and a beta of 1.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. New York Times Co has a twelve month low of $14.08 and a twelve month high of $25.70.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. The company had revenue of $484.00 million for the quarter, compared to analyst estimates of $467.30 million. New York Times had a net margin of 0.26% and a return on equity of 14.89%. New York Times’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. equities research analysts anticipate that New York Times Co will post 0.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. New York Times’s dividend payout ratio (DPR) is presently 533.33%.

NYT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of 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. ValuEngine lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Barclays set a $20.00 target price on shares of New York Times and gave the company a “hold” rating in a research report on Sunday. Finally, Jefferies Group restated a “hold” rating and issued a $18.00 target price on shares of New York Times in a research report on Monday, October 16th. Four research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $21.33.

Several large investors have recently modified their holdings of the company. NINE MASTS CAPITAL Ltd acquired a new position in shares of New York Times during the fourth quarter worth $5,365,000. Eaton Vance Management lifted its holdings in shares of New York Times by 117.4% during the fourth quarter. Eaton Vance Management now owns 77,457 shares of the company’s stock worth $1,433,000 after purchasing an additional 41,830 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of New York Times by 18.3% during the fourth quarter. OppenheimerFunds Inc. now owns 29,759 shares of the company’s stock worth $550,000 after purchasing an additional 4,608 shares during the period. Brown Advisory Inc. lifted its holdings in shares of New York Times by 4.0% during the fourth quarter. Brown Advisory Inc. now owns 58,792 shares of the company’s stock worth $1,088,000 after purchasing an additional 2,252 shares during the period. Finally, Suntrust Banks Inc. lifted its holdings in shares of New York Times by 33.4% during the fourth quarter. Suntrust Banks Inc. now owns 25,821 shares of the company’s stock worth $476,000 after purchasing an additional 6,460 shares during the period. Institutional investors own 67.60% 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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