LS Investment Advisors LLC increased its stake in New York Times Company (The) (NYSE:NYT) by 17.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,767 shares of the company’s stock after buying an additional 1,452 shares during the period. LS Investment Advisors LLC’s holdings in New York Times Company (The) were worth $173,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of NYT. Envestnet Asset Management Inc. boosted its stake 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 valued at $112,000 after buying an additional 6,189 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in New York Times Company (The) by 1,082.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,710 shares of the company’s stock valued at $207,000 after buying an additional 10,720 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in New York Times Company (The) during the first quarter valued at approximately $210,000. Russell Investments Group Ltd. bought a new stake in New York Times Company (The) during the fourth quarter valued at approximately $224,000. Finally, Advantus Capital Management Inc boosted its stake 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 in the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Shares of New York Times Company (NYT) traded down 1.447% on Wednesday, reaching $18.725. 169,752 shares of the company were exchanged. New York Times Company has a 52 week low of $10.60 and a 52 week high of $20.15. The company’s 50-day moving average is $18.02 and its 200-day moving average is $15.98. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 47.646 and a beta of 1.81.

New York Times Company (The) (NYSE:NYT) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The firm had revenue of $407.10 million during the quarter, compared to analyst estimates of $393.07 million. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. New York Times Company (The)’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. On average, equities analysts expect that New York Times Company will post $0.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Wednesday, July 12th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, July 10th. New York Times Company (The)’s payout ratio is currently 40.00%.

WARNING: “New York Times Company (The) (NYSE:NYT) Shares Bought by LS Investment Advisors LLC” was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.dailypolitical.com/2017/08/09/new-york-times-company-the-nysenyt-shares-bought-by-ls-investment-advisors-llc.html.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Friday, May 5th. Jefferies Group LLC raised their target price on shares of New York Times Company (The) from $12.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, May 4th. Finally, Barclays PLC raised their target price on shares of New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. New York Times Company (The) has an average rating of “Hold” and a consensus price target of $15.20.

In related news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the stock in a transaction that occurred on 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 owns 19,353,000 shares in the company, valued at approximately $372,932,310. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP R Anthony Benten sold 13,200 shares of the stock in a transaction that occurred on 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 owns 49,376 shares in the company, valued at approximately $868,523.84. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

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.

Want to see what other hedge funds are holding NYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Times Company (The) (NYSE:NYT).

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

Receive News & Ratings for New York Times Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.