Rhumbline Advisers Has $14.06 Million Stake in New York Times Co (NYT)

Rhumbline Advisers grew its position in New York Times Co (NYSE:NYT) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 428,122 shares of the company’s stock after acquiring an additional 5,386 shares during the period. Rhumbline Advisers owned about 0.26% of New York Times worth $14,064,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new stake in shares of New York Times in the fourth quarter valued at about $43,000. Blume Capital Management Inc. lifted its stake in shares of New York Times by 100.0% in the fourth quarter. Blume Capital Management Inc. now owns 2,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,000 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of New York Times in the first quarter valued at about $95,000. Quantamental Technologies LLC acquired a new stake in shares of New York Times in the fourth quarter valued at about $83,000. Finally, Osborn Williams & Donohoe LLC acquired a new stake in shares of New York Times in the first quarter valued at about $203,000. 93.05% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Mark Thompson sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $32.36, for a total value of $2,265,200.00. Following the completion of the transaction, the chief executive officer now owns 429,247 shares of the company’s stock, valued at $13,890,432.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Arthur G. Sulzberger sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $33.10, for a total transaction of $33,100.00. Following the completion of the transaction, the insider now directly owns 39,638 shares of the company’s stock, valued at approximately $1,312,017.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,362 shares of company stock valued at $3,087,872. 2.70% of the stock is currently owned by company insiders.

Several brokerages recently commented on NYT. Cannonball Research upgraded shares of New York Times to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, March 18th. ValuEngine upgraded shares of New York Times from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of New York Times from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. New York Times has an average rating of “Buy” and a consensus target price of $32.50.

Shares of NYT opened at $33.27 on Thursday. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 41.07 and a beta of 1.23. New York Times Co has a 12-month low of $21.34 and a 12-month high of $34.85.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The company had revenue of $439.10 million during the quarter, compared to analysts’ expectations of $433.92 million. New York Times had a net margin of 7.55% and a return on equity of 13.76%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. Equities analysts expect that New York Times Co will post 0.86 EPS for the current year.

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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 offers 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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