Fmr LLC Has $159.71 Million Holdings in New York Times Co (NYT)

Fmr LLC grew its position in New York Times Co (NYSE:NYT) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,898,947 shares of the company’s stock after purchasing an additional 2,183,048 shares during the period. Fmr LLC owned about 4.18% of New York Times worth $159,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NYT. OppenheimerFunds Inc. raised its holdings in shares of New York Times by 10.9% during the second quarter. OppenheimerFunds Inc. now owns 23,282 shares of the company’s stock worth $603,000 after acquiring an additional 2,289 shares during the period. Arizona State Retirement System raised its holdings in shares of New York Times by 2.7% during the second quarter. Arizona State Retirement System now owns 88,849 shares of the company’s stock worth $2,301,000 after acquiring an additional 2,337 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of New York Times by 5.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,980 shares of the company’s stock worth $1,294,000 after acquiring an additional 2,623 shares during the period. Granite Investment Partners LLC raised its holdings in shares of New York Times by 0.5% during the second quarter. Granite Investment Partners LLC now owns 524,608 shares of the company’s stock worth $13,587,000 after acquiring an additional 2,663 shares during the period. Finally, United Services Automobile Association raised its holdings in shares of New York Times by 12.3% during the second quarter. United Services Automobile Association now owns 28,049 shares of the company’s stock worth $726,000 after acquiring an additional 3,062 shares during the period. Institutional investors own 91.43% of the company’s stock.

Shares of NYSE:NYT opened at $25.11 on Friday. New York Times Co has a 12 month low of $17.50 and a 12 month high of $28.72. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.24. The firm has a market cap of $4.36 billion, a P/E ratio of 31.39, a P/E/G ratio of 3.89 and a beta of 1.13.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. New York Times had a net margin of 0.79% and a return on equity of 15.14%. The business had revenue of $417.30 million for the quarter, compared to analyst estimates of $409.80 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts predict that New York Times Co will post 0.79 earnings per share for the current fiscal year.

In other New York Times news, insider Carso S.A. De C.V. Inversora sold 90,000 shares of New York Times stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $22.86, for a total value of $2,057,400.00. Following the sale, the insider now directly owns 8,247,175 shares in the company, valued at approximately $188,530,420.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Denham sold 3,492 shares of New York Times stock in a transaction on Monday, November 5th. The shares were sold at an average price of $27.84, for a total transaction of $97,217.28. Following the completion of the sale, the director now owns 45,237 shares in the company, valued at $1,259,398.08. The disclosure for this sale can be found here. Insiders sold a total of 133,492 shares of company stock worth $3,190,617 over the last quarter. Company insiders own 5.20% of the company’s stock.

NYT has been the topic of a number of research analyst reports. ValuEngine upgraded shares of New York Times from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research restated a “hold” rating on shares of New York Times in a report on Wednesday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of New York Times to $32.00 and gave the stock an “overweight” rating in a report on Thursday, October 11th. Finally, Barclays lowered shares of New York Times from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Tuesday, November 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.33.

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New York Times Company Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides 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.

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

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