iSAM Funds UK Ltd Sells 6,660 Shares of The New York Times Company (NYSE:NYT)

iSAM Funds UK Ltd cut its holdings in The New York Times Company (NYSE:NYT - Free Report) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,849 shares of the company's stock after selling 6,660 shares during the period. iSAM Funds UK Ltd's holdings in New York Times were worth $304,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NYT. Vanguard Group Inc. raised its position in shares of New York Times by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company's stock valued at $822,408,000 after purchasing an additional 63,856 shares during the period. Darsana Capital Partners LP raised its position in shares of New York Times by 15.0% during the 4th quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company's stock valued at $299,288,000 after purchasing an additional 750,000 shares during the period. Geode Capital Management LLC raised its position in shares of New York Times by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company's stock valued at $210,084,000 after purchasing an additional 102,519 shares during the period. Renaissance Technologies LLC raised its position in shares of New York Times by 13.3% during the 4th quarter. Renaissance Technologies LLC now owns 3,570,380 shares of the company's stock valued at $185,838,000 after purchasing an additional 418,155 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of New York Times by 0.7% during the 4th quarter. Franklin Resources Inc. now owns 3,376,517 shares of the company's stock valued at $175,748,000 after purchasing an additional 22,725 shares during the period. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NYT. Guggenheim lifted their price target on shares of New York Times from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. StockNews.com upgraded shares of New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Finally, Morgan Stanley reduced their price target on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, New York Times has an average rating of "Moderate Buy" and a consensus price target of $56.00.

New York Times Stock Up 0.2%

Shares of NYSE:NYT opened at $55.37 on Wednesday. The New York Times Company has a 52 week low of $44.83 and a 52 week high of $58.16. The stock has a market capitalization of $9.03 billion, a P/E ratio of 31.11, a PEG ratio of 1.75 and a beta of 1.16. The firm has a fifty day simple moving average of $50.35 and a two-hundred day simple moving average of $51.56.

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 analysts' consensus estimates of $0.35 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. The business had revenue of $635.91 million during the quarter, compared to analysts' expectations of $634.99 million. During the same period last year, the company posted $0.31 EPS. The business's revenue was up 7.1% on a year-over-year basis. On average, analysts expect that The New York Times Company will post 2.08 earnings per share for the current 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.

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