Bridgefront Capital LLC Has $609,000 Holdings in The New York Times Company (NYSE:NYT)

Bridgefront Capital LLC trimmed its position in The New York Times Company (NYSE:NYT - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,695 shares of the company's stock after selling 4,848 shares during the quarter. Bridgefront Capital LLC's holdings in New York Times were worth $609,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

NYT has been the topic of a number of research reports. Morgan Stanley dropped their target price on 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 increased their target price on shares of New York Times from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, StockNews.com upgraded shares of 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Price Performance

NYT traded up $1.00 during midday trading on Friday, hitting $53.61. 1,849,343 shares of the company's stock traded hands, compared to its average volume of 1,337,797. The company has a market cap of $8.75 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The New York Times Company has a one year low of $44.83 and a one year high of $58.16. The stock's fifty day simple moving average is $49.38 and its 200-day simple moving average is $51.61.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $635.91 million during the quarter, compared to analyst estimates of $634.99 million. New York Times had a net margin of 11.36% and a return on equity of 18.51%. New York Times's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts expect that The New York Times Company will post 2.08 EPS 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.