Thrivent Financial for Lutherans Has $7.36 Million Holdings in The New York Times Company (NYSE:NYT)

Thrivent Financial for Lutherans raised its holdings in The New York Times Company (NYSE:NYT - Free Report) by 92.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,190 shares of the company's stock after acquiring an additional 63,677 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of New York Times worth $7,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NYT. Farallon Capital Management LLC grew its position in New York Times by 18.1% in the first quarter. Farallon Capital Management LLC now owns 11,188,059 shares of the company's stock valued at $483,548,000 after acquiring an additional 1,711,268 shares during the last quarter. Darsana Capital Partners LP grew its holdings in shares of New York Times by 25.0% during the second quarter. Darsana Capital Partners LP now owns 6,250,000 shares of the company's stock worth $320,062,000 after purchasing an additional 1,250,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of New York Times by 19.8% during the second quarter. Renaissance Technologies LLC now owns 2,912,142 shares of the company's stock worth $149,131,000 after purchasing an additional 482,200 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of New York Times by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,424,700 shares of the company's stock worth $124,164,000 after purchasing an additional 438,680 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of New York Times by 582.1% during the third quarter. Assenagon Asset Management S.A. now owns 361,235 shares of the company's stock worth $20,110,000 after purchasing an additional 308,277 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

New York Times Price Performance

New York Times stock opened at $54.16 on Friday. The stock's 50 day moving average is $54.84 and its 200 day moving average is $52.96. The firm has a market cap of $8.88 billion, a P/E ratio of 32.05, a P/E/G ratio of 1.69 and a beta of 1.02. The New York Times Company has a one year low of $41.55 and a one year high of $57.08.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NYT. JPMorgan Chase & Co. boosted their price target on New York Times from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on New York Times from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Barclays boosted their price target on New York Times from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.83.

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.