Barclays PLC Grows Position in The New York Times Company (NYSE:NYT)

Barclays PLC boosted its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 113.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,256 shares of the company's stock after acquiring an additional 65,438 shares during the period. Barclays PLC owned 0.08% of New York Times worth $6,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NYT. Darsana Capital Partners LP grew its position in shares of New York Times by 25.0% during the 2nd quarter. Darsana Capital Partners LP now owns 6,250,000 shares of the company's stock valued at $320,062,000 after purchasing an additional 1,250,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in New York Times by 19.8% during the second quarter. Renaissance Technologies LLC now owns 2,912,142 shares of the company's stock valued at $149,131,000 after buying an additional 482,200 shares during the period. Dimensional Fund Advisors LP grew its position in New York Times by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,424,700 shares of the company's stock worth $124,164,000 after buying an additional 438,680 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in New York Times by 582.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 361,235 shares of the company's stock worth $20,110,000 after acquiring an additional 308,277 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of New York Times by 964.9% in the 2nd quarter. Bank of Montreal Can now owns 266,079 shares of the company's stock valued at $13,637,000 after acquiring an additional 241,093 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

New York Times Stock Performance

NYSE:NYT traded up $0.17 during mid-day trading on Thursday, reaching $53.27. The stock had a trading volume of 1,222,909 shares, compared to its average volume of 1,145,869. The New York Times Company has a one year low of $41.55 and a one year high of $58.16. The firm has a 50 day moving average price of $54.78 and a two-hundred day moving average price of $53.73. The stock has a market capitalization of $8.73 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.75 and a beta of 1.00.

New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. During the same period in the previous year, the business posted $0.37 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. Research analysts forecast that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.98%. New York Times's dividend payout ratio (DPR) is currently 30.77%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of New York Times from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of New York Times from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.83.

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.