Amalgamated Bank boosted its stake in shares of New York Times Company (The) (NYSE:NYT) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,453 shares of the company’s stock after buying an additional 1 shares during the period. Amalgamated Bank’s holdings in New York Times Company (The) were worth $251,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of NYT. Envestnet Asset Management Inc. increased its stake in shares of New York Times Company (The) by 384.2% in the first quarter. Envestnet Asset Management Inc. now owns 7,800 shares of the company’s stock valued at $112,000 after buying an additional 6,189 shares during the last quarter. Quantitative Investment Management LLC bought a new position in New York Times Company (The) during the first quarter valued at $210,000. Advantus Capital Management Inc boosted its position in New York Times Company (The) by 3.1% in the first quarter. Advantus Capital Management Inc now owns 15,606 shares of the company’s stock valued at $225,000 after buying an additional 467 shares during the period. Roundview Capital LLC bought a new position in New York Times Company (The) during the first quarter valued at $230,000. Finally, Suntrust Banks Inc. bought a new position in New York Times Company (The) during the first quarter valued at $237,000. 64.15% of the stock is owned by hedge funds and other institutional investors.
New York Times Company (NYSE:NYT) opened at 18.85 on Thursday. The company’s 50-day moving average is $18.14 and its 200 day moving average is $16.12. New York Times Company has a one year low of $10.60 and a one year high of $20.15. The firm has a market cap of $3.05 billion, a PE ratio of 47.96 and a beta of 1.81.
New York Times Company (The) (NYSE:NYT) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The firm had revenue of $407.10 million for the quarter, compared to the consensus estimate of $393.07 million. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. Equities analysts anticipate that New York Times Company will post $0.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Wednesday, July 12th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Monday, July 10th. New York Times Company (The)’s dividend payout ratio is 40.00%.
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Several research analysts have recently weighed in on NYT shares. Zacks Investment Research cut shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC upped their price target on shares of New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 4th. Finally, Barclays PLC upped their price target on shares of New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.20.
In related news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $19.27, for a total value of $10,049,305.00. Following the transaction, the insider now directly owns 19,353,000 shares of the company’s stock, valued at approximately $372,932,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP R Anthony Benten sold 13,200 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $17.59, for a total transaction of $232,188.00. Following the completion of the transaction, the senior vice president now directly owns 49,376 shares in the company, valued at $868,523.84. The disclosure for this sale can be found here. 5.70% of the stock is owned by insiders.
New York Times Company (The) Company Profile
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
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