Brown Advisory Inc. raised its stake in New York Times Co (NYSE:NYT) by 24.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,016 shares of the company’s stock after buying an additional 23,208 shares during the period. Brown Advisory Inc. owned 0.07% of New York Times worth $2,732,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. CSat Investment Advisory L.P. bought a new position in shares of New York Times during the second quarter valued at $120,000. D.A. Davidson & CO. bought a new position in shares of New York Times during the second quarter valued at $201,000. Gideon Capital Advisors Inc. bought a new position in shares of New York Times during the third quarter valued at $230,000. Perigon Wealth Management LLC raised its stake in shares of New York Times by 54.8% during the second quarter. Perigon Wealth Management LLC now owns 11,640 shares of the company’s stock valued at $301,000 after acquiring an additional 4,120 shares during the last quarter. Finally, Waverton Investment Management Ltd bought a new position in shares of New York Times during the second quarter valued at $559,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.
In related news, 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 transaction, the director now owns 45,237 shares of the company’s stock, valued at $1,259,398.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 stock was sold at an average price of $22.86, for a total transaction of $2,057,400.00. Following the transaction, the insider now directly owns 8,247,175 shares of the company’s stock, valued at approximately $188,530,420.50. The disclosure for this sale can be found here. Insiders have sold 133,492 shares of company stock valued at $3,190,617 in the last three months. 5.20% of the stock is owned by insiders.
Shares of NYSE NYT opened at $25.11 on Friday. New York Times Co has a twelve month low of $17.50 and a twelve month high of $28.72. The firm has a market cap of $4.36 billion, a P/E ratio of 31.39, a PEG ratio of 3.89 and a beta of 1.13. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.24.
New York Times (NYSE:NYT) last announced its earnings results on Thursday, November 1st. The company reported $0.15 earnings per share 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 during the quarter, compared to the consensus estimate of $409.80 million. During the same quarter last year, the firm earned $0.13 earnings per share. New York Times’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that New York Times Co will post 0.79 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of New York Times in a research note on Wednesday, November 14th. ValuEngine raised shares of New York Times from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Barclays downgraded shares of New York Times from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Tuesday, November 6th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price target on shares of New York Times to $32.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.33.
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New York Times 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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