111 Capital Buys Shares of 6,567 The New York Times Company (NYSE:NYT)

111 Capital bought 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 & Exchange Commission. The firm bought 6,567 shares of the company's stock, valued at approximately $342,000.

Several other large investors also recently modified their holdings of NYT. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of New York Times by 511.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock valued at $25,000 after acquiring 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 fourth quarter valued at about $36,000. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 247 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of New York Times by 12.6% during the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock valued at $99,000 after acquiring an additional 212 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in shares of New York Times during the fourth quarter valued at about $102,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NYT. Guggenheim raised their target price on New York Times from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday. Wall Street Zen upgraded New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Finally, Morgan Stanley decreased their price target 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, New York Times presently has an average rating of "Moderate Buy" and an average price target of $56.40.

Insider Buying and Selling at New York Times

In other New York Times news, EVP William Bardeen sold 2,500 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $56.83, for a total value of $142,075.00. Following the transaction, the executive vice president now owns 16,727 shares of the company's stock, valued at approximately $950,595.41. This represents a 13.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO R Anthony Benten sold 1,990 shares of New York Times stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $56.75, for a total transaction of $112,932.50. Following the transaction, the chief accounting officer now owns 39,685 shares in the company, valued at approximately $2,252,123.75. The trade was a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

New York Times Trading Down 1.6%

NYSE:NYT traded down $0.90 during midday trading on Tuesday, hitting $56.09. 1,535,196 shares of the stock were exchanged, compared to its average volume of 1,364,373. The New York Times Company has a one year low of $44.83 and a one year high of $58.16. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 1.75 and a beta of 1.16. The business has a 50-day moving average price of $51.74 and a two-hundred day moving average price of $51.66.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $635.91 million for 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 firm'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 earnings per share. Sell-side analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

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.