XTX Topco Ltd Has $1.25 Million Stock Holdings in The New York Times Company (NYSE:NYT)

XTX Topco Ltd lifted its holdings in shares of The New York Times Company (NYSE:NYT) by 57.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,436 shares of the company’s stock after purchasing an additional 8,879 shares during the period. XTX Topco Ltd’s holdings in New York Times were worth $1,251,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of New York Times during the 4th quarter worth approximately $89,754,000. Coldstream Capital Management Inc. acquired a new stake in New York Times in the fourth quarter worth $217,000. Wells Fargo & Company MN increased its stake in New York Times by 7.1% in the fourth quarter. Wells Fargo & Company MN now owns 173,109 shares of the company’s stock valued at $8,481,000 after purchasing an additional 11,516 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of New York Times by 26.5% during the fourth quarter. Corient Private Wealth LLC now owns 50,052 shares of the company’s stock valued at $2,452,000 after purchasing an additional 10,484 shares during the period. Finally, Assetmark Inc. boosted its position in shares of New York Times by 39.4% during the 4th quarter. Assetmark Inc. now owns 24,379 shares of the company’s stock worth $1,194,000 after purchasing an additional 6,896 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Performance

NYT opened at $54.49 on Friday. The firm has a market cap of $8.95 billion, a P/E ratio of 36.33 and a beta of 1.03. The firm has a 50-day moving average of $53.95 and a 200 day moving average of $49.36. The New York Times Company has a fifty-two week low of $39.73 and a fifty-two week high of $56.49.

New York Times (NYSE:NYT) last released 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. New York Times had a return on equity of 17.45% and a net margin of 10.81%. The business had revenue of $625.00 million during the quarter, compared to the consensus estimate of $624.82 million. During the same period last year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts predict that The New York Times Company will post 1.9 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. New York Times’s payout ratio is 34.67%.

Insider Activity at New York Times

In related news, CEO Levien Meredith A. Kopit sold 18,300 shares of New York Times 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 transaction, the chief executive officer now directly owns 101,772 shares in the company, valued at approximately $5,487,546.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other New York Times news, CEO Levien Meredith A. Kopit sold 18,300 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $53.92, for a total value of $986,736.00. Following the completion of the transaction, the chief executive officer now owns 101,772 shares in the company, valued at approximately $5,487,546.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William Bardeen sold 2,000 shares of New York Times 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 transaction, the chief financial officer now directly owns 10,315 shares of the company’s stock, valued at approximately $562,786.40. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About New York Times

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.