Centiva Capital LP Acquires 9,479 Shares of The New York Times Company (NYSE:NYT)

Centiva Capital LP increased its position in shares of The New York Times Company (NYSE:NYT) by 71.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,720 shares of the company’s stock after purchasing an additional 9,479 shares during the quarter. Centiva Capital LP’s holdings in New York Times were worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Oak Family Advisors LLC increased its position in New York Times by 2.2% during the 2nd quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock valued at $547,000 after purchasing an additional 231 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of New York Times by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock valued at $608,000 after purchasing an additional 247 shares during the last quarter. KBC Group NV increased its position in shares of New York Times by 0.4% during the 3rd quarter. KBC Group NV now owns 75,917 shares of the company’s stock valued at $4,226,000 after purchasing an additional 308 shares during the last quarter. Hixon Zuercher LLC increased its holdings in New York Times by 2.9% in the 3rd quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock worth $696,000 after acquiring an additional 354 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in New York Times by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

New York Times Price Performance

NYSE:NYT opened at $54.61 on Thursday. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $57.08. The stock’s 50 day simple moving average is $54.77 and its two-hundred day simple moving average is $53.35. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 1.72 and a beta of 1.00.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $640.20 million during the quarter, compared to analysts’ expectations of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. New York Times’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. As a group, analysts anticipate that The New York Times Company will post 1.84 EPS for the current year.

New York Times Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

A number of research firms have weighed in on NYT. JPMorgan Chase & Co. lifted their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Barclays boosted their target price on New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, New York Times has an average rating of “Moderate Buy” and a consensus price target of $54.83.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.