NBC Securities Inc. Has $548,000 Stock Position in The New York Times Company (NYSE:NYT)

NBC Securities Inc. lifted its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 100,490.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,065 shares of the company's stock after purchasing an additional 11,054 shares during the quarter. NBC Securities Inc.'s holdings in New York Times were worth $548,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Brown Financial Advisors lifted its holdings in shares of New York Times by 2.3% during the 4th quarter. Brown Financial Advisors now owns 8,996 shares of the company's stock valued at $468,000 after purchasing an additional 200 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of New York Times by 12.6% during the 4th quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock valued at $99,000 after purchasing an additional 212 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of New York Times by 0.7% during the 4th quarter. IFP Advisors Inc now owns 34,368 shares of the company's stock valued at $1,789,000 after purchasing an additional 224 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of New York Times by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 19,187 shares of the company's stock valued at $999,000 after purchasing an additional 228 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock valued at $60,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NYT. Guggenheim lifted their price objective on New York Times from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, June 2nd. Wall Street Zen upgraded New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.40.

Insider Buying and Selling at New York Times

In other New York Times news, CAO R Anthony Benten sold 1,990 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 39,685 shares in the company, valued at approximately $2,252,123.75. The trade was a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David S. Perpich sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $56.18, for a total value of $224,720.00. Following the transaction, the director now directly owns 27,569 shares in the company, valued at $1,548,826.42. This trade represents a 12.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,490 shares of company stock worth $479,728. Corporate insiders own 1.90% of the company's stock.

New York Times Stock Performance

NYSE NYT traded up $0.10 during trading on Friday, hitting $55.85. The stock had a trading volume of 742,239 shares, compared to its average volume of 1,369,347. The company has a market capitalization of $9.11 billion, a PE ratio of 31.37, a P/E/G ratio of 1.75 and a beta of 1.13. The company's 50-day moving average price is $52.11 and its two-hundred day moving average price is $51.72. The New York Times Company has a 12 month low of $44.83 and a 12 month high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $635.91 million for the quarter, compared to analysts' expectations of $634.99 million. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, equities analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal 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.