EntryPoint Capital LLC Takes Position in The New York Times Company (NYSE:NYT)

EntryPoint Capital LLC acquired a new stake in The New York Times Company (NYSE:NYT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,418 shares of the company's stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of New York Times by 1.5% in the third quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company's stock valued at $187,544,000 after buying an additional 49,853 shares in the last quarter. BNP Paribas Financial Markets raised its position in New York Times by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 82,104 shares of the company's stock worth $4,571,000 after acquiring an additional 40,058 shares during the last quarter. Clark & Stuart Inc purchased a new stake in shares of New York Times in the fourth quarter valued at about $8,490,000. Park Avenue Securities LLC grew its position in shares of New York Times by 236.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,985 shares of the company's stock valued at $728,000 after purchasing an additional 9,823 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of New York Times during the 4th quarter worth approximately $1,200,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on NYT. StockNews.com raised New York Times from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley reduced their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

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New York Times Trading Down 0.0 %

Shares of New York Times stock traded down $0.01 during trading hours on Friday, reaching $48.97. 1,237,064 shares of the company's stock were exchanged, compared to its average volume of 1,265,305. The New York Times Company has a 52-week low of $41.55 and a 52-week high of $58.16. The company has a fifty day moving average of $49.93 and a 200-day moving average of $52.71. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18.

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

New York Times Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. This is an increase from New York Times's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times's payout ratio is presently 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.