The New York Times Company (NYSE:NYT) Position Raised by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its stake in The New York Times Company (NYSE:NYT - Free Report) by 497.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 703,731 shares of the company's stock after purchasing an additional 585,871 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.43% of New York Times worth $36,629,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Barclays PLC lifted its holdings in New York Times by 113.2% during the 3rd quarter. Barclays PLC now owns 123,256 shares of the company's stock valued at $6,862,000 after purchasing an additional 65,438 shares during the last quarter. Tidal Investments LLC grew its stake in New York Times by 17.4% during the third quarter. Tidal Investments LLC now owns 20,715 shares of the company's stock worth $1,153,000 after purchasing an additional 3,071 shares during the period. Franklin Resources Inc. increased its position in New York Times by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company's stock valued at $187,544,000 after buying an additional 49,853 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of New York Times by 34.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 7,441 shares of the company's stock worth $414,000 after purchasing an additional 1,890 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of New York Times by 13.0% during the third quarter. JPMorgan Chase & Co. now owns 467,028 shares of the company's stock valued at $25,999,000 after acquiring an additional 53,839 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

New York Times Price Performance

Shares of NYSE:NYT traded up $0.42 during midday trading on Tuesday, reaching $52.69. 3,124,445 shares of the company's stock were exchanged, compared to its average volume of 1,334,795. The firm's 50 day simple moving average is $48.95 and its two-hundred day simple moving average is $51.62. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 29.60, 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 $44.70 and a fifty-two week high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last announced its earnings results 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 net margin of 11.36% and a return on equity of 18.51%. Equities research analysts predict that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on NYT. Morgan Stanley cut their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Two investment 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $56.00.

About New York Times

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.