SG Americas Securities LLC trimmed its position in The New York Times Company (NYSE:NYT - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,456 shares of the company's stock after selling 5,180 shares during the period. SG Americas Securities LLC's holdings in New York Times were worth $804,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. UMB Bank n.a. increased its holdings in shares of New York Times by 356.4% during the third quarter. UMB Bank n.a. now owns 461 shares of the company's stock valued at $26,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of New York Times by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,102 shares of the company's stock worth $117,000 after buying an additional 698 shares during the last quarter. Paladin Wealth LLC purchased a new position in New York Times in the third quarter worth about $172,000. Empower Advisory Group LLC bought a new stake in New York Times during the third quarter valued at approximately $205,000. Finally, Synergy Financial Group LTD bought a new stake in shares of New York Times during the 3rd quarter valued at $217,000. 95.37% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on NYT shares. JPMorgan Chase & Co. boosted their price objective on New York Times from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on New York Times from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $54.83.
View Our Latest Stock Report on NYT
New York Times Price Performance
Shares of New York Times stock traded up $0.17 during trading on Thursday, hitting $54.14. The stock had a trading volume of 1,255,500 shares, compared to its average volume of 1,332,347. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The firm's fifty day simple moving average is $53.48 and its 200-day simple moving average is $54.07. The stock has a market cap of $8.88 billion, a PE ratio of 32.04, a PEG ratio of 1.51 and a beta of 1.00.
New York Times (NYSE:NYT - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.04. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The business's revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 earnings per share. Analysts expect that The New York Times Company will post 1.84 earnings per share for the current fiscal year.
New York Times Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, January 10th. New York Times's payout ratio is 30.77%.
About New York Times
(
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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