ING Groep NV grew its position in shares of New York Times Co (NYSE:NYT) by 23.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,995 shares of the company’s stock after buying an additional 3,599 shares during the quarter. ING Groep NV’s holdings in New York Times were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of New York Times by 6.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $118,000 after buying an additional 429 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in New York Times by 37.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock worth $160,000 after purchasing an additional 2,333 shares during the period. Strs Ohio raised its holdings in New York Times by 4.2% in the 4th quarter. Strs Ohio now owns 68,900 shares of the company’s stock worth $1,274,000 after purchasing an additional 2,800 shares during the period. The Manufacturers Life Insurance Company raised its holdings in New York Times by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 273,206 shares of the company’s stock worth $4,836,000 after purchasing an additional 3,183 shares during the period. Finally, Parametrica Management Ltd raised its holdings in New York Times by 14.7% in the 4th quarter. Parametrica Management Ltd now owns 25,260 shares of the company’s stock worth $467,000 after purchasing an additional 3,228 shares during the period. 66.84% of the stock is currently owned by hedge funds and other institutional investors.
In other New York Times news, Director Doreen A. Toben sold 8,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $23.99, for a total value of $191,920.00. Following the completion of the sale, the director now owns 25,342 shares in the company, valued at approximately $607,954.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Carso S.A. De C.V. Inversora sold 90,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $24.13, for a total value of $2,171,700.00. The disclosure for this sale can be found here. Insiders sold a total of 208,000 shares of company stock valued at $5,005,820 in the last quarter. 5.70% of the stock is currently owned by company insiders.
New York Times Co (NYT) opened at $25.05 on Tuesday. New York Times Co has a twelve month low of $14.08 and a twelve month high of $25.70. The company has a market capitalization of $4,062.03, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.21 and a beta of 1.85. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27.
New York Times (NYSE:NYT) last announced its earnings results on Thursday, February 8th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09. New York Times had a return on equity of 14.89% and a net margin of 0.26%. The company had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $467.30 million. During the same period last year, the firm earned $0.30 EPS. New York Times’s revenue for the quarter was up 10.1% compared to the same quarter last year. analysts anticipate that New York Times Co will post 0.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Wednesday, January 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.16 dividend on an annualized basis and a yield of 0.64%. New York Times’s payout ratio is presently 800.00%.
A number of equities analysts recently commented on NYT shares. ValuEngine cut New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, November 3rd. Finally, Barclays set a $20.00 target price on New York Times and gave the stock a “hold” rating in a report on Sunday, February 11th. Four equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $21.33.
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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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