D. E. Shaw & Co. Inc. Acquires 258,635 Shares of The New York Times Company (NYSE:NYT)

D. E. Shaw & Co. Inc. raised its position in The New York Times Company (NYSE:NYT - Free Report) by 76.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 596,521 shares of the company's stock after purchasing an additional 258,635 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.36% of New York Times worth $31,049,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of New York Times by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company's stock valued at $822,408,000 after buying an additional 63,856 shares during the period. Darsana Capital Partners LP boosted its holdings in New York Times by 15.0% in the fourth quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company's stock worth $299,288,000 after acquiring an additional 750,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in New York Times by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company's stock worth $210,084,000 after acquiring an additional 102,519 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in New York Times by 13.3% in the fourth quarter. Renaissance Technologies LLC now owns 3,570,380 shares of the company's stock worth $185,838,000 after acquiring an additional 418,155 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in New York Times by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 3,376,517 shares of the company's stock worth $175,748,000 after acquiring an additional 22,725 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

New York Times Price Performance

NYT stock traded up $0.18 during mid-day trading on Wednesday, hitting $54.87. 1,088,350 shares of the stock were exchanged, compared to its average volume of 1,337,275. The business has a fifty day moving average price of $49.67 and a 200 day moving average price of $51.58. The New York Times Company has a 12 month low of $44.83 and a 12 month high of $58.16. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.75 and a beta of 1.16.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on NYT shares. 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 raised their target price on New York Times from $52.00 to $53.00 and gave the company a "neutral" rating in a report 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.