The New York Times Company (NYSE:NYT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of The New York Times Company (NYSE:NYT) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,526 shares of the company’s stock after buying an additional 424 shares during the period. GAMMA Investing LLC’s holdings in New York Times were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NYT. Natixis Advisors LLC boosted its position in New York Times by 6.5% during the 2nd quarter. Natixis Advisors LLC now owns 18,846 shares of the company’s stock worth $965,000 after acquiring an additional 1,148 shares during the period. Victory Capital Management Inc. lifted its holdings in New York Times by 75.2% in the second quarter. Victory Capital Management Inc. now owns 222,491 shares of the company’s stock worth $11,394,000 after purchasing an additional 95,472 shares during the period. American Century Companies Inc. grew its position in New York Times by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 128,597 shares of the company’s stock valued at $6,585,000 after buying an additional 6,909 shares in the last quarter. Qsemble Capital Management LP bought a new position in New York Times in the 2nd quarter valued at about $292,000. Finally, DekaBank Deutsche Girozentrale increased its stake in New York Times by 494.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,322 shares of the company’s stock valued at $267,000 after buying an additional 4,426 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on NYT. JPMorgan Chase & Co. increased their price objective on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times Trading Down 0.5 %

NYSE NYT opened at $51.90 on Friday. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16. The company has a market cap of $8.51 billion, a PE ratio of 30.71, a PEG ratio of 1.75 and a beta of 1.00. The stock’s 50-day moving average price is $53.92 and its two-hundred day moving average price is $53.96.

New York Times (NYSE:NYT) 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 net margin of 11.04% and a return on equity of 17.75%. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. During the same quarter last year, the business posted $0.37 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Research analysts forecast that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. New York Times’s dividend payout ratio is 30.77%.

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.