BNP Paribas Financial Markets Has $8.12 Million Holdings in The New York Times Company (NYSE:NYT)

BNP Paribas Financial Markets raised its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 89.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 155,909 shares of the company's stock after acquiring an additional 73,805 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of New York Times worth $8,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NYT. Algert Global LLC lifted its stake in New York Times by 61.5% in the fourth quarter. Algert Global LLC now owns 202,095 shares of the company's stock valued at $10,519,000 after buying an additional 76,972 shares during the period. Darsana Capital Partners LP increased its stake in shares of New York Times by 15.0% in the 4th quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company's stock valued at $299,288,000 after acquiring an additional 750,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of New York Times by 497.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 703,731 shares of the company's stock valued at $36,629,000 after acquiring an additional 585,871 shares during the period. Freestone Grove Partners LP bought a new position in New York Times during the 4th quarter worth approximately $357,000. Finally, Voleon Capital Management LP acquired a new position in New York Times during the fourth quarter valued at approximately $541,000. 95.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NYT shares. Morgan Stanley cut their target price on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Guggenheim raised their price objective on New York Times from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Stock Up 0.9%

Shares of NYSE:NYT traded up $0.52 during midday trading on Thursday, reaching $55.56. 1,050,267 shares of the company were exchanged, compared to its average volume of 1,336,679. The firm has a market cap of $9.07 billion, a PE ratio of 31.21, a P/E/G ratio of 1.75 and a beta of 1.16. The New York Times Company has a fifty-two week low of $44.83 and a fifty-two week high of $58.16. The stock has a fifty day simple moving average of $49.79 and a two-hundred day simple moving average of $51.61.

New York Times (NYSE:NYT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. The firm had revenue of $635.91 million during the quarter, compared to analysts' expectations of $634.99 million. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.