Jupiter Asset Management Ltd. Invests $5.83 Million in The New York Times Company (NYSE:NYT)

Jupiter Asset Management Ltd. acquired a new position in shares of 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 acquired 111,951 shares of the company's stock, valued at approximately $5,827,000. Jupiter Asset Management Ltd. owned about 0.07% of New York Times at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Daiwa Securities Group Inc. raised its position in shares of New York Times by 24.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,870 shares of the company's stock valued at $982,000 after acquiring an additional 3,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in New York Times by 35.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,439 shares of the company's stock worth $2,729,000 after acquiring an additional 13,804 shares during the last quarter. Amundi grew its position in New York Times by 243.9% in the fourth quarter. Amundi now owns 118,783 shares of the company's stock valued at $6,171,000 after purchasing an additional 84,247 shares in the last quarter. Edgestream Partners L.P. bought a new stake in New York Times during the fourth quarter worth about $4,307,000. Finally, Raymond James Financial Inc. acquired a new position in New York Times during the fourth quarter worth $1,544,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NYT has been the subject of a number of recent analyst reports. StockNews.com raised New York Times from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Morgan Stanley decreased their price target 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

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New York Times Stock Performance

Shares of NYT traded up $1.10 during trading hours on Friday, reaching $48.92. The stock had a trading volume of 1,233,387 shares, compared to its average volume of 1,196,690. The stock has a market capitalization of $7.99 billion, a PE ratio of 27.48, a PEG ratio of 1.75 and a beta of 1.18. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The company's 50-day moving average is $50.52 and its two-hundred day moving average is $53.05.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, topping 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%. Equities 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 company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. This is a boost from New York Times's previous quarterly dividend of $0.13. New York Times's dividend payout ratio is 40.45%.

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.