7,130 Shares in The New York Times Company $NYT Bought by AMJ Financial Wealth Management

AMJ Financial Wealth Management acquired a new position in shares of The New York Times Company (NYSE:NYTFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,130 shares of the company’s stock, valued at approximately $495,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of New York Times by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 4,769,973 shares of the company’s stock valued at $273,796,000 after acquiring an additional 209,616 shares during the period. AQR Capital Management LLC boosted its holdings in shares of New York Times by 10.2% in the third quarter. AQR Capital Management LLC now owns 4,613,289 shares of the company’s stock valued at $264,803,000 after acquiring an additional 425,401 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of New York Times by 98.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock worth $117,993,000 after purchasing an additional 1,020,031 shares in the last quarter. Capital Research Global Investors boosted its position in shares of New York Times by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 1,692,846 shares of the company’s stock worth $97,169,000 after purchasing an additional 4,782 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of New York Times by 11.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,588,187 shares of the company’s stock worth $91,162,000 after purchasing an additional 164,928 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Price Performance

Shares of NYSE NYT opened at $74.36 on Friday. The New York Times Company has a 1-year low of $51.03 and a 1-year high of $87.10. The business has a 50-day moving average of $80.79 and a 200-day moving average of $72.89. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.58 and a beta of 0.98.

New York Times (NYSE:NYTGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The company had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. Research analysts expect that The New York Times Company will post 2.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NYT shares. Wall Street Zen upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a report on Tuesday, April 21st. Argus upgraded shares of New York Times to a “strong-buy” rating in a report on Thursday, February 19th. Barclays upped their target price on shares of New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Bank of America assumed coverage on shares of New York Times in a report on Wednesday, April 22nd. They issued a “neutral” rating and a $84.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.78.

View Our Latest Report on NYT

Insider Activity at New York Times

In other news, Director David S. Perpich sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the sale, the director owned 28,469 shares of the company’s stock, valued at approximately $2,193,821.14. This trade represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Bardeen sold 4,121 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total transaction of $320,819.85. Following the sale, the executive vice president directly owned 14,560 shares of the company’s stock, valued at $1,133,496. The trade was a 22.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,034 shares of company stock worth $3,228,729 over the last three months. 1.90% of the stock is owned by corporate insiders.

New York Times News Summary

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

About New York Times

(Free Report)

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.

Further Reading

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

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