The New York Times Company $NYT Shares Sold by Emmett Investment Management LP

Emmett Investment Management LP lessened its holdings in The New York Times Company (NYSE:NYT) by 32.0% in the first quarter, Holdings Channel reports. The institutional investor owned 89,450 shares of the company’s stock after selling 42,100 shares during the period. New York Times accounts for approximately 5.8% of Emmett Investment Management LP’s holdings, making the stock its 4th largest position. Emmett Investment Management LP’s holdings in New York Times were worth $7,638,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NYT. Navalign LLC bought a new stake in New York Times during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its stake in shares of New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of New York Times during the fourth quarter valued at $32,000. SOA Wealth Advisors LLC. bought a new position in shares of New York Times during the fourth quarter valued at $34,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of New York Times by 313.9% during the first quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock worth $47,000 after purchasing an additional 430 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Price Performance

Shares of New York Times stock opened at $72.40 on Tuesday. The stock’s 50-day moving average is $73.77 and its 200 day moving average is $76.11. The New York Times Company has a one year low of $51.03 and a one year high of $87.10. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.48 and a beta of 0.96.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, sell-side analysts expect that The New York Times Company will post 2.93 EPS for the current fiscal year.

New York Times Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 8th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, July 8th. New York Times’s dividend payout ratio (DPR) is presently 39.48%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NYT shares. Wall Street Zen raised shares of New York Times from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Evercore reaffirmed an “outperform” rating and set a $92.00 target price on shares of New York Times in a research report on Thursday, May 7th. Barclays lifted their target price on New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Guggenheim increased their price target on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $83.22.

Insiders Place Their Bets

In other New York Times news, Director David S. Perpich sold 9,000 shares of New York Times stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the transaction, the director owned 28,469 shares in the company, valued at approximately $2,193,821.14. The trade was a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Bardeen sold 4,121 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the transaction, the executive vice president owned 14,560 shares of the company’s stock, valued at $1,133,496. This trade represents a 22.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 17,121 shares of company stock worth $1,310,920. 1.90% of the stock is currently owned by company insiders.

New York Times News Roundup

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

• Positive Sentiment: Strong operating performance supports the investment case. NYT’s latest reported quarter exceeded expectations, with adjusted earnings of $0.61 per share versus a $0.49 consensus estimate and revenue of $712.2 million, up 12% year over year. The company’s broad mix of news, sports and lifestyle coverage—including live reporting on European wildfires, the Iran conflict and major U.S. business developments—continues to support the value of its subscription and digital journalism platform. Wildfires Live Updates: New Heat Wave Could Worsen France and Spain’s ‘Unprecedented’ Fire Season
• Positive Sentiment: Recent analysis characterizes the business as strong. A Seeking Alpha article argues that New York Times fundamentals and growth remain favorable, potentially helping explain buying interest in the shares. The New York Times: The Business Is Strong, The Stock Is The Question
• Neutral Sentiment: Most of the latest articles are editorial content rather than corporate news. Coverage of daylight-saving time, entertainment, sports, politics and international events may support audience engagement, but it does not provide a material update on NYT’s revenue outlook, subscriber trends or costs. Should We Make Daylight Saving Time Permanent?
• Negative Sentiment: Valuation remains the principal concern. With a price-to-earnings ratio near 31 and the stock below its 50-day and 200-day moving averages, investors may question whether expected growth is already reflected in the price. The recent analyst framing—“the business is strong, the stock is the question”—highlights this risk.

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.