Handelsbanken Fonder AB Has $3.97 Million Stake in The New York Times Company $NYT

Handelsbanken Fonder AB boosted its stake in The New York Times Company (NYSE:NYTFree Report) by 38.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 57,204 shares of the company’s stock after buying an additional 15,800 shares during the period. Handelsbanken Fonder AB’s holdings in New York Times were worth $3,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NYT. Empowered Funds LLC acquired a new stake in New York Times in the first quarter valued at $442,000. Focus Partners Wealth increased its holdings in New York Times by 52.2% in the first quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock valued at $577,000 after purchasing an additional 3,990 shares during the period. Geneos Wealth Management Inc. increased its holdings in New York Times by 690.7% in the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after purchasing an additional 739 shares during the period. Baird Financial Group Inc. acquired a new stake in New York Times in the second quarter valued at $306,000. Finally, Cerity Partners LLC increased its holdings in New York Times by 70.2% in the second quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock valued at $3,103,000 after purchasing an additional 22,853 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Trading Up 0.9%

Shares of NYT opened at $74.93 on Friday. The stock has a market capitalization of $12.13 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98. The firm’s fifty day simple moving average is $80.29 and its two-hundred day simple moving average is $73.53. The New York Times Company has a 12 month low of $51.03 and a 12 month high of $87.10.

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

Trending Headlines about New York Times

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Analyst Ratings Changes

A number of research firms recently weighed in on NYT. Barclays increased their price objective on New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley set a $90.00 price target on shares of New York Times in a research report on Thursday, May 7th. Argus raised shares of New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, New York Times currently has an average rating of “Moderate Buy” and an average target price of $80.78.

Read Our Latest Stock Report on New York Times

Insider Transactions at New York Times

In other news, Chairman Arthur G. Sulzberger sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the completion of the sale, the chairman directly owned 172,338 shares in the company, valued at $13,778,423.10. This trade represents a 7.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David S. Perpich sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.06, for a total value 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 represents a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,121 shares of company stock valued at $3,087,990 in the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

New York Times Company Profile

(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.

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

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