New York Times Company (The) (NYT) Trading Down NaN

New York Times Company (The) (NYSE:NYT) dropped NaN on Wednesday . The stock traded as low as $17.90 and last traded at $0.00. Approximately 3,203,080 shares were traded during trading, an increase of Infinity from the average daily volume of 0 shares.

NYT has been the topic of several recent research reports. Zacks Investment Research downgraded New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Barclays PLC raised their price objective on 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. Finally, Jefferies Group LLC reissued a “hold” rating and set a $18.00 price objective on shares of New York Times Company (The) in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.95.

New York Times Company (The) (NYSE:NYT) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The business had revenue of $385.60 million during the quarter, compared to analyst estimates of $390.13 million. During the same period in the prior year, the business posted $0.06 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, October 3rd. This represents a $0.16 annualized dividend and a yield of 0.84%. New York Times Company (The)’s payout ratio is 40.00%.

In other New York Times Company (The) news, CFO James M. Follo sold 138,161 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the completion of the sale, the chief financial officer now directly owns 136,523 shares in the company, valued at $2,589,841.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of NYT. BlackRock Inc. boosted its holdings in shares of New York Times Company (The) by 16,731.5% during the first quarter. BlackRock Inc. now owns 12,681,224 shares of the company’s stock worth $182,610,000 after purchasing an additional 12,605,882 shares during the period. FMR LLC boosted its holdings in shares of New York Times Company (The) by 173.6% during the second quarter. FMR LLC now owns 2,430,179 shares of the company’s stock worth $43,014,000 after purchasing an additional 1,542,000 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of New York Times Company (The) by 382.6% during the second quarter. Acadian Asset Management LLC now owns 1,776,811 shares of the company’s stock worth $31,447,000 after purchasing an additional 1,408,666 shares during the period. Vanguard Group Inc. boosted its holdings in shares of New York Times Company (The) by 6.4% during the second quarter. Vanguard Group Inc. now owns 11,034,212 shares of the company’s stock worth $195,306,000 after purchasing an additional 664,069 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of New York Times Company (The) by 145.6% during the second quarter. Teachers Advisors LLC now owns 677,421 shares of the company’s stock worth $11,990,000 after purchasing an additional 401,628 shares during the period. Institutional investors own 64.37% of the company’s stock.

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About New York Times Company (The)

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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