Mattson Financial Services LLC lessened its position in The New York Times Company (NYSE:NYT - Free Report) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,573 shares of the company's stock after selling 7,421 shares during the quarter. Mattson Financial Services LLC's holdings in New York Times were worth $1,034,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NYT. Baillie Gifford & Co. raised its holdings in shares of New York Times by 228.3% in the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company's stock valued at $132,040,000 after buying an additional 1,764,078 shares during the period. Squarepoint Ops LLC increased its holdings in New York Times by 210.5% during the 4th quarter. Squarepoint Ops LLC now owns 1,382,695 shares of the company's stock worth $71,969,000 after purchasing an additional 937,354 shares during the period. Millennium Management LLC increased its holdings in New York Times by 133.6% during the 4th quarter. Millennium Management LLC now owns 1,559,837 shares of the company's stock worth $81,190,000 after purchasing an additional 892,155 shares during the period. Alliancebernstein L.P. increased its holdings in New York Times by 87.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,908,477 shares of the company's stock worth $99,336,000 after purchasing an additional 891,249 shares during the period. Finally, Darsana Capital Partners LP increased its holdings in 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 worth $299,288,000 after purchasing an additional 750,000 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on NYT shares. Morgan Stanley cut their price target on 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. Wall Street Zen upgraded New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Finally, Guggenheim upped their price target on New York Times from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, New York Times presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.
Get Our Latest Stock Analysis on NYT
New York Times Price Performance
Shares of NYT traded up $0.64 during mid-day trading on Friday, reaching $57.14. The company's stock had a trading volume of 2,143,875 shares, compared to its average volume of 1,362,226. The New York Times Company has a 12-month low of $44.83 and a 12-month high of $58.16. The stock has a market cap of $9.32 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The company's 50 day moving average is $51.44 and its 200 day moving average is $51.59.
New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The business had revenue of $635.91 million for the quarter, compared to the consensus estimate of $634.99 million. During the same quarter in the prior year, the business posted $0.31 EPS. The business's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The New York Times Company will post 2.08 EPS for the current fiscal year.
New York Times Profile
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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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