10,427 Shares in The New York Times Company (NYSE:NYT) Acquired by Caxton Associates LP

Caxton Associates LP acquired a new stake in The New York Times Company (NYSE:NYT) during the 2nd quarter, HoldingsChannel reports. The firm acquired 10,427 shares of the company’s stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NYT. GAMMA Investing LLC increased its stake in shares of New York Times by 129.4% in the second quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock worth $72,000 after acquiring an additional 792 shares during the last quarter. Signaturefd LLC increased its position in New York Times by 34.2% in the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after purchasing an additional 432 shares during the last quarter. Blue Trust Inc. raised its stake in shares of New York Times by 401.8% during the 2nd quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after purchasing an additional 1,800 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in New York Times by 84,033.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,524 shares of the company’s stock worth $124,000 after buying an additional 2,521 shares during the last quarter. Finally, Bailard Inc. acquired a new position in New York Times in the second quarter worth approximately $205,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Insiders Place Their Bets

In other New York Times news, CEO Levien Meredith A. Kopit sold 18,300 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $53.92, for a total transaction of $986,736.00. Following the completion of the sale, the chief executive officer now owns 101,772 shares of the company’s stock, valued at $5,487,546.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO William Bardeen sold 2,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $54.56, for a total value of $109,120.00. Following the completion of the sale, the chief financial officer now directly owns 10,315 shares of the company’s stock, valued at $562,786.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Levien Meredith A. Kopit sold 18,300 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $53.92, for a total value of $986,736.00. Following the completion of the sale, the chief executive officer now directly owns 101,772 shares of the company’s stock, valued at $5,487,546.24. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

New York Times Stock Up 0.3 %

Shares of New York Times stock opened at $55.16 on Friday. The stock has a market capitalization of $9.06 billion, a P/E ratio of 36.77 and a beta of 1.03. The stock has a 50 day moving average price of $54.04 and a two-hundred day moving average price of $49.66. The New York Times Company has a 12-month low of $39.73 and a 12-month high of $56.49.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $624.82 million. New York Times had a return on equity of 17.45% and a net margin of 10.81%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. Sell-side analysts anticipate that The New York Times Company will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on NYT. JPMorgan Chase & Co. increased their price objective on New York Times from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Barclays increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.67.

New York Times 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.