Corient Private Wealth LP Trims Position in The New York Times Company $NYT

Key Points

• Corient Private Wealth reduced its New York Times stake by 16.6% in the second quarter, selling 14,370 shares and retaining 72,210 shares worth approximately $5.05 million. Institutional investors collectively own 95.37% of the company.
• Analyst sentiment remains moderately positive: Guggenheim upgraded NYT to “buy” and raised its price target to $82, while the consensus rating is “Moderate Buy” with an average target of $84.20.
• Recent operating results exceeded expectations. The company reported quarterly EPS of $0.69 versus a $0.67 estimate, revenue of $762.46 million, and 11.2% year-over-year revenue growth, though higher spending could pressure margins.

Corient Private Wealth LP decreased its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,210 shares of the company's stock after selling 14,370 shares during the period. Corient Private Wealth LP's holdings in New York Times were worth $5,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. purchased a new stake in New York Times in the 1st quarter valued at approximately $1,752,000. Genus Capital Management Inc. purchased a new position in shares of New York Times during the 4th quarter worth approximately $4,945,000. Berkshire Hathaway Inc purchased a new position in shares of New York Times during the 4th quarter worth approximately $351,664,000. LGT Fund Management Co Ltd. lifted its holdings in shares of New York Times by 27.8% in the 1st quarter. LGT Fund Management Co Ltd. now owns 70,463 shares of the company's stock valued at $5,900,000 after buying an additional 15,321 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of New York Times in the 2nd quarter valued at approximately $2,565,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NYT. New Street Research set a $82.00 price objective on New York Times in a report on Tuesday. Guggenheim upgraded New York Times from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $82.00 in a research report on Tuesday. Weiss Ratings downgraded New York Times from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday. UBS Group set a $82.00 target price on shares of New York Times in a research report on Tuesday. Finally, Zacks Research cut shares of New York Times from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.20.

New York Times Price Performance

NYT stock opened at $70.08 on Friday. The company's 50 day simple moving average is $69.56 and its 200-day simple moving average is $74.91. The New York Times Company has a 12 month low of $54.10 and a 12 month high of $87.10. The firm has a market capitalization of $11.30 billion, a PE ratio of 29.20, a P/E/G ratio of 1.81 and a beta of 0.92.

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 (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $762.46 million during the quarter, compared to the consensus estimate of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. As a group, sell-side analysts anticipate that The New York Times Company will post 2.84 earnings per share for the current year.

New York Times News Roundup

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

• Positive Sentiment: AI copyright litigation could strengthen NYT’s negotiating position. In an unsealed court filing, The New York Times accused OpenAI of using millions of news articles to train its models without authorization, describing the conduct as unprecedented theft. A favorable legal outcome could support licensing revenue or damages, although the litigation remains uncertain. NYT alleges Microsoft, OpenAI knew using news content was theft
• Positive Sentiment: Subscriber and revenue momentum remain supportive. The company’s latest quarterly results exceeded analyst expectations for both earnings and revenue, with revenue rising 11.2% year over year. The continued expansion of digital subscriptions and advertising provides a fundamental counterweight to near-term margin concerns.
• Neutral Sentiment: Anthropic’s IPO plans highlight both opportunity and competitive risk. The artificial-intelligence company is moving forward with IPO preparations amid debate over AI safety. The development reinforces the strategic importance of AI for media companies, while also underscoring the competitive and copyright pressures facing NYT. Anthropic Moves Ahead With I.P.O. Plans Amid A.I. Safety Debate
• Negative Sentiment: Higher spending is weighing on sentiment. Recent management commentary pointed to continued investment in journalism and video, while adjusted operating costs are expected to grow approximately 8% to 9%. Investors may be concerned that newsroom, video-production, generative-AI litigation and pension-related expenses could limit margin expansion despite strong top-line growth. New York Times Co. Falls as Investors Weigh Higher Spending and a Lack of Fresh Catalysts
• Negative Sentiment: Recent insider selling adds a modest overhang. The CEO, CFO and chief human resources executive sold shares during the past six months. These transactions do not necessarily signal deteriorating fundamentals, but they can reinforce profit-taking concerns after the stock’s earlier strength.

New York Times Profile

The New York Times Company is a media organization best known for publishing The New York Times, a global newspaper and digital news platform. Its coverage spans politics, business, technology, culture, science, health, sports and other subjects, and is distributed through print editions, NYTimes.com, mobile applications and other digital products.

The company generates revenue primarily from digital and print subscriptions, advertising, licensing and related commercial activities. Its subscription products include The New York Times, Games, Cooking and Wirecutter, while The Athletic provides digital sports journalism.

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