The New York Times Company (NYSE:NYT) Position Increased by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in The New York Times Company (NYSE:NYT) by 10.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,091,398 shares of the company’s stock after buying an additional 99,757 shares during the quarter. AQR Capital Management LLC’s holdings in New York Times were worth $55,694,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in New York Times by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 15,809,453 shares of the company’s stock worth $774,505,000 after acquiring an additional 80,075 shares during the last quarter. Farallon Capital Management LLC raised its position in shares of New York Times by 18.1% during the 1st quarter. Farallon Capital Management LLC now owns 11,188,059 shares of the company’s stock worth $483,548,000 after purchasing an additional 1,711,268 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of New York Times by 19.8% in the 2nd 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 boosted its position in New York Times by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,424,700 shares of the company’s stock valued at $124,164,000 after purchasing an additional 438,680 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in New York Times by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,660,015 shares of the company’s stock worth $85,009,000 after buying an additional 19,196 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NYT shares. JPMorgan Chase & Co. boosted their price target on shares of New York Times from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Barclays upped their target price on shares of New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, New York Times has an average rating of “Moderate Buy” and an average price target of $50.67.

New York Times Stock Up 0.3 %

Shares of NYT opened at $55.32 on Friday. The firm has a market capitalization of $9.09 billion, a PE ratio of 36.88 and a beta of 1.03. The firm has a 50-day moving average price of $54.09 and a 200 day moving average price of $49.70. The New York Times Company has a 52-week low of $39.73 and a 52-week high of $56.49.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $624.82 million. New York Times had a net margin of 10.81% and a return on equity of 17.45%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. On average, equities analysts expect that The New York Times Company will post 1.9 EPS for the current year.

Insider Activity

In related news, CFO William Bardeen sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $54.56, for a total transaction of $109,120.00. Following the completion of the transaction, the chief financial officer now owns 10,315 shares of the company’s stock, valued at $562,786.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other New York Times news, CFO William Bardeen sold 2,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were 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 approximately $562,786.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Levien Meredith A. Kopit sold 18,300 shares of New York Times 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 transaction, the chief executive officer now directly owns 101,772 shares in the company, valued at approximately $5,487,546.24. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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.