160,546 Shares in The New York Times Company (NYSE:NYT) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in The New York Times Company (NYSE:NYT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 160,546 shares of the company's stock, valued at approximately $8,356,000. ExodusPoint Capital Management LP owned about 0.10% of New York Times as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Kesler Norman & Wride LLC boosted its holdings in shares of New York Times by 44.8% in the fourth quarter. Kesler Norman & Wride LLC now owns 19,987 shares of the company's stock valued at $1,040,000 after acquiring an additional 6,181 shares during the period. Trexquant Investment LP grew its position in New York Times by 149.4% during the 4th quarter. Trexquant Investment LP now owns 358,303 shares of the company's stock worth $18,650,000 after purchasing an additional 214,620 shares during the last quarter. Geode Capital Management LLC increased its stake in New York Times by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company's stock valued at $210,084,000 after purchasing an additional 102,519 shares during the period. Franklin Resources Inc. boosted its stake in shares of New York Times by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 3,376,517 shares of the company's stock worth $175,748,000 after buying an additional 22,725 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of New York Times by 87.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,908,477 shares of the company's stock worth $99,336,000 after buying an additional 891,249 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Stock Performance

NYSE:NYT traded down $0.87 during mid-day trading on Thursday, hitting $47.51. 398,014 shares of the company's stock traded hands, compared to its average volume of 1,291,120. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16. The firm's 50 day simple moving average is $48.81 and its 200 day simple moving average is $52.28. The company has a market cap of $7.76 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. On average, research analysts expect that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from New York Times's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. New York Times's payout ratio is presently 40.45%.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com downgraded New York Times from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Morgan Stanley dropped their price target on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $56.00.

New York Times Profile

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.