24,551 Shares in The New York Times Company $NYT Bought by Investment House LLC

Key Points

• Investment House LLC acquired 24,551 shares of The New York Times Company in the third quarter, valued at approximately $1.56 million. Institutional investors collectively own 95.37% of the company.
• New York Times reported quarterly revenue of $762.46 million, up 11.2% year over year, and earnings of $0.69 per share, exceeding analysts’ expectations.
• The company pays a quarterly dividend of $0.23, or $0.92 annually, yielding about 1.3%. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $82.70, compared with a recent price of $69.36.

Investment House LLC bought a new position in shares of The New York Times Company (NYSE:NYT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 24,551 shares of the company's stock, valued at approximately $1,564,000.

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of New York Times by 20.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,756,180 shares of the company's stock valued at $230,775,000 after buying an additional 465,600 shares during the period. First Trust Advisors LP grew its holdings in New York Times by 0.9% during the first quarter. First Trust Advisors LP now owns 1,570,073 shares of the company's stock worth $131,462,000 after acquiring an additional 14,202 shares during the period. Bank of New York Mellon Corp raised its position in New York Times by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 1,512,403 shares of the company's stock worth $126,633,000 after acquiring an additional 43,796 shares in the last quarter. Janus Henderson Group PLC raised its position in New York Times by 30.3% in the first quarter. Janus Henderson Group PLC now owns 761,118 shares of the company's stock worth $63,740,000 after acquiring an additional 177,045 shares in the last quarter. Finally, Giverny Capital Inc. purchased a new position in New York Times in the second quarter worth $33,900,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Trading Up 0.7%

NYSE:NYT opened at $69.36 on Friday. The company has a market capitalization of $11.19 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 1.78 and a beta of 0.93. The firm has a 50-day moving average price of $66.80 and a two-hundred day moving average price of $72.17. The New York Times Company has a twelve month low of $55.93 and a twelve month high of $87.10.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.02. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The business had revenue of $762.46 million during the quarter, compared to analysts' expectations of $752.01 million. During the same period last year, the company posted $0.58 EPS. The company's revenue was up 11.2% on a year-over-year basis. On average, equities research analysts predict that The New York Times Company will post 2.83 earnings per share for the current year.

New York Times Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, October 7th. New York Times's payout ratio is 38.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Zacks Research lowered shares of New York Times from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of New York Times from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. UBS Group set a $82.00 price target on shares of New York Times in a report on Tuesday, September 15th. Guggenheim upgraded shares of New York Times from a "neutral" rating to a "buy" rating and upped their target price for the stock from $70.00 to $82.00 in a research report on Tuesday, September 15th. Finally, New Street Research set a $82.00 target price on shares of New York Times in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $82.70.

Trending Headlines about New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Continued demand for high-impact journalism: Extensive coverage of Big Tech litigation, U.S. politics, international conflicts and social unrest reinforces The Times’ role as a destination for breaking news and analysis. Sustained readership can support digital subscriptions, advertising and retention. How a Legal Backlash Against Big Tech Is Forcing Big Changes
• Positive Sentiment: Editorial credibility and AI transparency: The company’s explanation of how it verifies artificial-intelligence-generated images highlights investments in newsroom standards and trust. That differentiation may help protect the brand and support long-term subscriber loyalty as misinformation increases. How The New York Times Reports on A.I. Images
• Neutral Sentiment: Broad content portfolio remains an engagement driver: Political coverage, international reporting, travel, culture and New York Times Athletic sports stories provide multiple opportunities to attract and retain subscribers, but the articles offer no direct evidence of an immediate financial impact. What to know about Saints-Steelers NFL Paris game amid unrest, protests in city
• Negative Sentiment: No clear near-term catalyst: None of the supplied articles announces a material contract, acquisition, earnings revision or subscription update for NYT. Investors may therefore remain focused on valuation and execution; the stock remains below its 200-day moving average despite trading above its 50-day average.

New York Times Company Profile

The New York Times Company NYSE: NYT is a media and technology company best known for publishing The New York Times, a daily newspaper founded in 1851 by Henry Jarvis Raymond and George Jones. The company produces journalism across national and international news, business, politics, culture, science, sports and other topics through print and digital platforms.

In addition to its core news operation, the company offers a range of subscription products and digital services, including NYT Cooking, Games, Audio and The Athletic, a subscription-based sports media platform.

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