Boothbay Fund Management LLC Purchases Shares of 7,373 The New York Times Company (NYSE:NYT)

Boothbay Fund Management LLC acquired a new stake in shares of The New York Times Company (NYSE:NYT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,373 shares of the company's stock, valued at approximately $384,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NYT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in New York Times by 511.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock valued at $25,000 after buying an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of New York Times during the 4th quarter valued at $36,000. UMB Bank n.a. grew its position in New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after acquiring an additional 283 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in New York Times by 27.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock worth $60,000 after purchasing an additional 247 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in New York Times by 12.6% in the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock valued at $99,000 after purchasing an additional 212 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. StockNews.com upgraded shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, New York Times has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Stock Performance

Shares of NYSE:NYT traded up $0.37 during trading on Tuesday, reaching $52.64. The stock had a trading volume of 1,857,535 shares, compared to its average volume of 1,796,472. The New York Times Company has a 52 week low of $44.70 and a 52 week high of $58.16. The firm's fifty day moving average is $48.95 and its 200 day moving average is $51.62. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 1.75 and a beta of 1.16.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. On average, research analysts forecast that The New York Times Company will post 2.08 earnings per share for the current fiscal 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.