New York Times (NYSE:NYT - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.
Separately, Morgan Stanley dropped their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, New York Times has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.
Check Out Our Latest Analysis on NYT
New York Times Stock Performance
Shares of NYT stock traded down $0.02 during mid-day trading on Thursday, reaching $45.85. The company's stock had a trading volume of 581,013 shares, compared to its average volume of 1,281,974. The firm's 50-day moving average is $49.39 and its two-hundred day moving average is $52.47. New York Times has a 1-year low of $41.55 and a 1-year high of $58.16. The company has a market cap of $7.49 billion, a P/E ratio of 25.71, a PEG ratio of 1.75 and a beta of 1.10.
New York Times (NYSE:NYT - Get Free Report) last announced 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%. Sell-side analysts anticipate that New York Times will post 2.08 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of New York Times by 4,367.1% during the first quarter. GAMMA Investing LLC now owns 112,840 shares of the company's stock worth $5,597,000 after acquiring an additional 110,314 shares during the last quarter. 111 Capital bought a new stake in New York Times during the 4th quarter worth about $342,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in New York Times during the 4th quarter valued at about $15,659,000. Jefferies Financial Group Inc. bought a new position in shares of New York Times in the 4th quarter valued at about $631,000. Finally, Putney Financial Group LLC bought a new position in shares of New York Times in the 4th quarter valued at about $102,000. Institutional investors and hedge funds own 95.37% of the company's stock.
About New York Times
(
Get Free Report)
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.
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