NorthCrest Asset Manangement LLC Makes New Investment in The New York Times Company $NYT

NorthCrest Asset Manangement LLC bought a new stake in shares of The New York Times Company (NYSE:NYT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,029 shares of the company’s stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NYT. AQR Capital Management LLC lifted its stake in shares of New York Times by 78.1% during the 2nd quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock worth $233,265,000 after acquiring an additional 1,836,788 shares during the last quarter. Abrams Bison Investments LLC purchased a new stake in New York Times in the second quarter worth $78,932,000. Boston Trust Walden Corp bought a new stake in shares of New York Times during the third quarter worth $58,209,000. Marshall Wace LLP grew its position in shares of New York Times by 62.5% during the 2nd quarter. Marshall Wace LLP now owns 1,858,061 shares of the company’s stock worth $104,014,000 after buying an additional 714,366 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of New York Times by 502.2% during the second quarter. American Century Companies Inc. now owns 789,142 shares of the company’s stock valued at $44,176,000 after buying an additional 658,102 shares during the period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Product & business-model diversification highlighted by coverage of the paper launching new interactive/gaming features — this supports recurring engagement and new revenue channels. This just in from The New York Times: Its first 2-player game, and an evolving business model
• Positive Sentiment: Intense national political coverage (Jack Smith testimony / Trump investigations) is driving big audience attention — higher pageviews and subscriber trial conversions typically follow major political events. 4 Takeaways From Jack Smith’s Testimony Before Lawmakers
• Positive Sentiment: International exclusives/analysis (Greenland/Davos foreign-policy pieces) broaden the paper’s global reach and subscriptions outside the U.S., which supports revenue diversification. Denmark Bristles at Idea of Giving Up Any Sovereignty in Greenland
• Neutral Sentiment: Broad-interest, time-sensitive coverage (e.g., winter-storm travel guidance) can produce traffic spikes but is harder to monetize long term; helpful for ads and engagement but impact on subs unclear. How a Major Winter Storm This Weekend Could Affect Your Travel Plans
• Neutral Sentiment: Policy and science reporting (e.g., EPA animal-testing pledge) showcases authoritative coverage breadth but has uncertain near-term revenue impact. E.P.A. Promises a Ban on Animal Testing by 2035
• Negative Sentiment: Intense political focus can deepen polarization; that raises the risk of churn among some subscriber segments or advertiser sensitivity—monitor subscriber retention/ARPU and ad revenue trends. Few Voters Say Trump’s Second Term Has Made the Country Better, Poll Finds

New York Times Stock Performance

Shares of NYT stock opened at $71.27 on Friday. The New York Times Company has a fifty-two week low of $44.83 and a fifty-two week high of $72.32. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 1.55 and a beta of 1.12. The stock’s 50-day simple moving average is $68.05 and its 200-day simple moving average is $60.96.

New York Times (NYSE:NYT) last released its earnings results on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $700.82 million during the quarter, compared to analysts’ expectations of $692.01 million. New York Times had a net margin of 12.29% and a return on equity of 20.30%. New York Times’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. As a group, equities analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, January 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. New York Times’s payout ratio is 35.12%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NYT shares. UBS Group set a $62.00 price objective on shares of New York Times in a research note on Thursday, November 6th. Citigroup upped their price target on shares of New York Times from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. Barclays lifted their price objective on shares of New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research report on Wednesday, October 8th. Finally, Evercore ISI reiterated an “outperform” rating on shares of New York Times in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.43.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.