SG Americas Securities LLC boosted its position in shares of New York Times Company (The) (NYSE:NYT) by 90.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,547 shares of the company’s stock after buying an additional 21,649 shares during the period. SG Americas Securities LLC’s holdings in New York Times Company (The) were worth $656,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in 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 worth $112,000 after buying an additional 6,189 shares during the period. Capstone Investment Advisors LLC purchased a new position in New York Times Company (The) during the fourth quarter worth $194,000. Quantitative Investment Management LLC purchased a new position in New York Times Company (The) during the first quarter worth $210,000. Russell Investments Group Ltd. purchased a new position in New York Times Company (The) during the fourth quarter worth $224,000. Finally, Suntrust Banks Inc. purchased a new position in New York Times Company (The) during the first quarter worth $237,000. Hedge funds and other institutional investors own 63.53% of the company’s stock.

Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

Shares of New York Times Company (NYT) opened at 17.75 on Tuesday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 58.20 and a beta of 1.86. The firm’s 50 day moving average is $17.17 and its 200 day moving average is $14.95. New York Times Company has a 12 month low of $10.60 and a 12 month high of $18.00.

New York Times Company (The) (NYSE:NYT) last issued its earnings results on Wednesday, May 3rd. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. New York Times Company (The) had a return on equity of 11.53% and a net margin of 3.21%. The firm had revenue of $398.80 million for the quarter, compared to analyst estimates of $381.62 million. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts predict that New York Times Company will post $0.64 earnings per share for the current fiscal year.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, May 5th. TheStreet upgraded shares of New York Times Company (The) from a “c+” rating to a “b” rating in a research report on Thursday, March 9th. Finally, Jefferies Group LLC lifted their price objective on shares of New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.93.

In other New York Times Company (The) news, SVP R Anthony Benten sold 13,200 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the sale, the senior vice president now directly owns 49,376 shares of the company’s stock, valued at $868,523.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is owned by company 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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