Tower Research Capital LLC TRC Has $1.34 Million Stock Position in The New York Times Company (NYSE:NYT)

Tower Research Capital LLC TRC grew its stake in shares of The New York Times Company (NYSE:NYT - Free Report) by 64.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,693 shares of the company's stock after acquiring an additional 10,084 shares during the period. Tower Research Capital LLC TRC's holdings in New York Times were worth $1,337,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position in New York Times by 113.2% during the 3rd quarter. Barclays PLC now owns 123,256 shares of the company's stock worth $6,862,000 after buying an additional 65,438 shares during the period. Sanctuary Advisors LLC bought a new position in New York Times during the third quarter worth about $278,000. Tidal Investments LLC raised its stake in New York Times by 17.4% in the 3rd quarter. Tidal Investments LLC now owns 20,715 shares of the company's stock worth $1,153,000 after purchasing an additional 3,071 shares in the last quarter. Franklin Resources Inc. boosted its holdings in New York Times by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company's stock valued at $187,544,000 after purchasing an additional 49,853 shares during the period. Finally, Copley Financial Group Inc. acquired a new position in shares of New York Times during the 3rd quarter worth approximately $485,000. Institutional investors own 95.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Morgan Stanley decreased their target price on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, New York Times currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

New York Times Trading Up 0.6 %

Shares of New York Times stock opened at $50.42 on Thursday. The firm has a market capitalization of $8.23 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The firm's 50 day moving average is $48.46 and its 200 day moving average is $51.88. The New York Times Company has a 1 year low of $42.33 and a 1 year high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from New York Times's previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a yield of 1.43%. New York Times's dividend payout ratio (DPR) is currently 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.

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