Harbor Capital Advisors Inc. acquired a new stake in The New York Times Company (NYSE:NYT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,851 shares of the company's stock, valued at approximately $1,183,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Centiva Capital LP boosted its stake in shares of New York Times by 58.6% during the 4th quarter. Centiva Capital LP now owns 36,031 shares of the company's stock worth $1,875,000 after acquiring an additional 13,311 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of New York Times during the 4th quarter worth approximately $1,200,000. Figure 8 Investment Strategies LLC bought a new stake in New York Times during the fourth quarter worth $492,000. Baillie Gifford & Co. lifted its position in shares of New York Times by 228.3% during the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company's stock worth $132,040,000 after buying an additional 1,764,078 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of New York Times by 31.0% in the 4th quarter. Lazard Asset Management LLC now owns 16,462 shares of the company's stock valued at $856,000 after purchasing an additional 3,894 shares in the last quarter. Institutional investors own 95.37% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Guggenheim raised their target price on New York Times from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.40.
Read Our Latest Stock Analysis on New York Times
Insider Buying and Selling
In other New York Times news, CAO R Anthony Benten sold 1,990 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $56.75, for a total value of $112,932.50. Following the completion of the sale, the chief accounting officer now directly owns 39,685 shares of the company's stock, valued at $2,252,123.75. This trade represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David S. Perpich sold 4,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $56.18, for a total value of $224,720.00. Following the completion of the sale, the director now owns 27,569 shares in the company, valued at $1,548,826.42. This represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,490 shares of company stock worth $479,728. 1.90% of the stock is owned by insiders.
New York Times Trading Down 0.0%
NYSE NYT traded down $0.01 during mid-day trading on Friday, hitting $55.58. The company's stock had a trading volume of 877,824 shares, compared to its average volume of 1,366,270. The company's 50 day simple moving average is $52.73 and its 200 day simple moving average is $51.79. The New York Times Company has a twelve month low of $44.83 and a twelve month high of $58.16. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.75 and a beta of 1.13.
New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. The firm had revenue of $635.91 million during the quarter, compared to the consensus estimate of $634.99 million. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, research analysts forecast that The New York Times Company will post 2.08 EPS for the current year.
About New York Times
(
Free Report)
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.
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