AlphaQuest LLC Reduces Stock Holdings in The New York Times Company (NYSE:NYT)

AlphaQuest LLC lessened its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 40.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,776 shares of the company's stock after selling 15,960 shares during the quarter. AlphaQuest LLC's holdings in New York Times were worth $1,238,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. UMB Bank n.a. raised its holdings in New York Times by 61.4% in the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock valued at $39,000 after acquiring an additional 283 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock valued at $60,000 after purchasing an additional 247 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of New York Times by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company's stock valued at $131,000 after purchasing an additional 424 shares during the last quarter. Portfolio Design Labs LLC acquired a new position in New York Times during the fourth quarter worth $202,000. Finally, Empower Advisory Group LLC acquired a new position in New York Times during the third quarter worth $205,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Analyst Ratings Changes

NYT has been the topic of several analyst reports. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Morgan Stanley reduced 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, New York Times currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

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New York Times Trading Down 0.3 %

NYSE:NYT traded down $0.12 during midday trading on Thursday, reaching $47.79. The company had a trading volume of 1,441,474 shares, compared to its average volume of 1,874,927. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.75 and a beta of 1.18. The stock's fifty day simple moving average is $50.69 and its 200-day simple moving average is $53.16.

New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. As a group, sell-side analysts expect 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 17th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, April 1st. This is a boost from New York Times's previous quarterly dividend of $0.13. New York Times's payout ratio is 40.45%.

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.