Harel Insurance Investments & Financial Services Ltd. Lowers Stake in The New York Times Company $NYT

Key Points

• Harel Insurance trimmed its stake in The New York Times by 15.3%, selling 14,462 shares to hold 80,260 shares worth $5.57M at quarter-end, and company insiders sold ~27,913 shares in the past three months (insiders now own 1.90%).
• Several large funds — including AQR, Two Sigma, American Century, Qube and UBS — significantly increased their NYT positions, leaving institutional and hedge fund ownership at 95.37%.
• NYT faces a near-term headwind from an EEOC federal discrimination lawsuit cited as the primary driver of recent weakness, even as the company reported a slight EPS beat and analysts maintain a "Moderate Buy" consensus with a $72.50 price target.

Harel Insurance Investments & Financial Services Ltd. cut its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,260 shares of the company's stock after selling 14,462 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in New York Times were worth $5,572,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NYT. AQR Capital Management LLC boosted its position in shares of New York Times by 78.1% in the second quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company's stock worth $233,265,000 after acquiring an additional 1,836,788 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of New York Times by 98.5% in the third quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company's stock worth $117,993,000 after acquiring an additional 1,020,031 shares during the last quarter. American Century Companies Inc. raised its holdings in New York Times by 73.0% in the third quarter. American Century Companies Inc. now owns 1,365,608 shares of the company's stock valued at $78,386,000 after buying an additional 576,466 shares during the period. Qube Research & Technologies Ltd lifted its position in New York Times by 35.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,574,005 shares of the company's stock valued at $90,348,000 after buying an additional 411,125 shares in the last quarter. Finally, UBS Group AG lifted its position in New York Times by 328.8% during the fourth quarter. UBS Group AG now owns 525,124 shares of the company's stock valued at $36,454,000 after buying an additional 402,660 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Guggenheim set a $63.00 price target on shares of New York Times and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Barclays lifted their price target on shares of New York Times from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 20th. Bank of America assumed coverage on shares of New York Times in a research report on Wednesday, April 22nd. They set a "neutral" rating and a $84.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Finally, Evercore reaffirmed an "outperform" rating on shares of New York Times in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.

Trending Headlines about New York Times

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

• Neutral Sentiment: Ongoing editorial coverage — NYT continues broad reporting across politics, business and culture; this is normal operating content that supports traffic and subscriptions but is unlikely by itself to move the stock materially. U.S. Trade Deficit Grew in March
• Neutral Sentiment: Political and economic coverage that can drive readership around major events (California primary, foreign-policy impacts on markets). Useful for engagement metrics but not a direct corporate headline. What to Know About the California Primary Election
• Neutral Sentiment: Reporting on tech and policy (e.g., A.I. and government/industry meetings) highlights topics that affect ad/tech partnerships and platform relationships over time. What Was Discussed at Google’s White House Meeting About A.I.
• Negative Sentiment: EEOC / federal lawsuit alleging discrimination against a white male employee — the complaint claims violations of Title VII and has prompted a U.S. enforcement action. This is the primary near-term driver of the stock’s weakness because it raises risks of legal expense, potential damages or settlement, reputational harm, and internal disruption that could affect recruiting and advertiser perceptions. U.S. Sues The New York Times, Claiming Discrimination Against a White Man New York Times sued for discrimination after white man passed over for promotion: EEOC lawsuit

New York Times Trading Down 1.3%

NYT opened at $77.22 on Wednesday. The company has a fifty day simple moving average of $80.88 and a 200 day simple moving average of $71.79. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.10 and a beta of 0.98. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. The business had revenue of $802.31 million during the quarter, compared to analyst estimates of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The business's revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $0.80 EPS. On average, analysts forecast that The New York Times Company will post 2.79 earnings per share for the current fiscal year.

Insider Activity at New York Times

In other news, EVP William Bardeen sold 13,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the completion of the sale, the executive vice president owned 18,681 shares of the company's stock, valued at approximately $1,486,260.36. This trade represents a 41.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO R Anthony Benten sold 1,913 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total transaction of $140,739.41. Following the completion of the sale, the chief accounting officer directly owned 37,772 shares in the company, valued at $2,778,886.04. This represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 27,913 shares of company stock valued at $2,214,369. Corporate insiders own 1.90% of the company's stock.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.