Rhumbline Advisers Boosts Stake in The New York Times Company (NYSE:NYT)

Rhumbline Advisers grew its holdings in The New York Times Company (NYSE:NYT - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,888 shares of the company's stock after buying an additional 6,793 shares during the period. Rhumbline Advisers owned approximately 0.31% of New York Times worth $26,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. boosted its stake in shares of New York Times by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company's stock worth $260,000 after purchasing an additional 193 shares during the period. UMB Bank n.a. boosted its stake in shares of New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after purchasing an additional 283 shares during the period. KBC Group NV boosted its stake in shares of New York Times by 0.4% during the 3rd quarter. KBC Group NV now owns 75,917 shares of the company's stock worth $4,226,000 after purchasing an additional 308 shares during the period. Hixon Zuercher LLC boosted its stake in shares of New York Times by 2.9% during the 3rd quarter. Hixon Zuercher LLC now owns 12,496 shares of the company's stock worth $696,000 after purchasing an additional 354 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of New York Times by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,122 shares of the company's stock worth $735,000 after purchasing an additional 355 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Trading Down 1.9 %

Shares of NYT stock traded down $0.94 during trading hours on Friday, hitting $47.83. The company's stock had a trading volume of 799,560 shares, compared to its average volume of 1,747,960. The company has a 50 day moving average of $52.22 and a 200 day moving average of $53.76. The stock has a market cap of $7.84 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. 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 net margin of 11.36% and a return on equity of 18.51%. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be paid a $0.18 dividend. This is a boost from New York Times's previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, April 1st. New York Times's payout ratio is currently 29.21%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NYT shares. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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 shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, StockNews.com upgraded shares of New York Times from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $54.71.

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.