New York Times Co (NYSE:NYT) CEO Mark Thompson sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $25.90, for a total value of $1,036,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYT traded down $0.67 during midday trading on Monday, reaching $25.63. 1,618,800 shares of the stock were exchanged, compared to its average volume of 2,216,429. New York Times Co has a 12-month low of $17.50 and a 12-month high of $28.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market capitalization of $4.34 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 3.87 and a beta of 1.12.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. New York Times had a return on equity of 15.14% and a net margin of 0.79%. The company had revenue of $417.30 million during the quarter, compared to the consensus estimate of $409.80 million. During the same period last year, the business earned $0.13 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that New York Times Co will post 0.79 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of NYT. CSat Investment Advisory L.P. purchased a new stake in shares of New York Times during the 2nd quarter worth about $120,000. Adviser Investments LLC purchased a new stake in shares of New York Times during the 2nd quarter worth about $190,000. Tower Research Capital LLC TRC raised its stake in shares of New York Times by 296.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,322 shares of the company’s stock worth $193,000 after purchasing an additional 6,221 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of New York Times during the 2nd quarter worth about $201,000. Finally, Man Group plc purchased a new stake in shares of New York Times during the 3rd quarter worth about $204,000. 91.22% of the stock is owned by institutional investors.

A number of brokerages have commented on NYT. Zacks Investment Research lowered New York Times from a “hold” rating to a “strong sell” rating in a research report on Friday, August 10th. ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. JPMorgan Chase & Co. raised their price objective on New York Times to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Finally, Barclays lowered New York Times from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research report on Tuesday, November 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.33.

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About New York Times

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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