Caerus Investment Advisors LLC Invests $413,000 in The New York Times Company $NYT

Caerus Investment Advisors LLC acquired a new position in The New York Times Company (NYSE:NYTFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,191 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds also recently bought and sold shares of the company. Employees Retirement System of Texas bought a new position in New York Times in the second quarter valued at about $28,000. Larson Financial Group LLC grew its stake in shares of New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after purchasing an additional 245 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of New York Times by 86.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock valued at $40,000 after purchasing an additional 330 shares during the period. Whittier Trust Co. purchased a new stake in shares of New York Times during the 3rd quarter valued at about $42,000. Finally, Geneos Wealth Management Inc. increased its position in shares of New York Times by 690.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after purchasing an additional 739 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Up 0.2%

NYSE NYT opened at $80.39 on Thursday. The New York Times Company has a 52 week low of $44.83 and a 52 week high of $82.74. The company has a market capitalization of $13.05 billion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09. The stock’s 50-day moving average price is $74.61 and its 200-day moving average price is $66.23.

New York Times (NYSE:NYTGet Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $802.31 million during the quarter, compared to the consensus estimate of $791.55 million. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. Research analysts anticipate that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.23 per share. This is an increase from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 1st. New York Times’s payout ratio is presently 34.45%.

Trending Headlines about New York Times

Here are the key news stories impacting New York Times this week:

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NYT. JPMorgan Chase & Co. raised their price objective on shares of New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a report on Thursday, January 22nd. Citigroup decreased their price target on shares of New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Wall Street Zen cut shares of New York Times from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Argus raised shares of New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.43.

Get Our Latest Stock Report on NYT

Insiders Place Their Bets

In other news, CAO R Anthony Benten sold 1,913 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total transaction of $140,739.41. Following the sale, the chief accounting officer directly owned 37,772 shares in the company, valued at $2,778,886.04. This trade represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William Bardeen sold 13,000 shares of New York Times stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the transaction, the executive vice president owned 18,681 shares in the company, valued at approximately $1,486,260.36. This trade represents a 41.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,913 shares of company stock worth $2,214,369 over the last three months. 1.90% of the stock is currently owned by company insiders.

About New York Times

(Free Report)

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

See Also

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

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