9,451 Shares in The New York Times Company (NYSE:NYT) Purchased by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC purchased a new position in The New York Times Company (NYSE:NYT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,451 shares of the company's stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of New York Times by 37.1% in the 4th quarter. Van ECK Associates Corp now owns 129,988 shares of the company's stock worth $6,766,000 after acquiring an additional 35,189 shares during the period. Portfolio Design Labs LLC acquired a new stake in New York Times during the 4th quarter valued at $202,000. Entropy Technologies LP acquired a new stake in New York Times during the 4th quarter valued at $312,000. D Orazio & Associates Inc. acquired a new stake in New York Times during the 4th quarter valued at $222,000. Finally, Kingsview Wealth Management LLC acquired a new stake in New York Times during the 4th quarter valued at $2,472,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Ratings Changes

NYT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on New York Times from $65.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Morgan Stanley decreased their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on New York Times from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.71.

New York Times Stock Performance

Shares of NYT traded down $0.55 during trading hours on Tuesday, hitting $49.20. The stock had a trading volume of 1,489,824 shares, compared to its average volume of 1,775,323. The firm has a market cap of $8.07 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.35 and a beta of 1.01. The company's fifty day simple moving average is $52.58 and its 200 day simple moving average is $53.85. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 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 predict that The New York Times Company will post 2.07 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 1.46%. 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 29.21%.

New York Times Company 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.