The New York Times Company (NYSE:NYT) Holdings Raised by NBC Securities Inc.

NBC Securities Inc. boosted its stake 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 disclosure with the Securities & Exchange Commission. The firm owned 11,065 shares of the company's stock after purchasing an additional 11,054 shares during the period. NBC Securities Inc.'s holdings in New York Times were worth $548,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in New York Times by 511.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock valued at $25,000 after acquiring an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of New York Times in the fourth quarter valued at about $36,000. American National Bank & Trust purchased a new position in New York Times in the 1st quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its position in New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock valued at $60,000 after acquiring an additional 247 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of New York Times by 12.6% during the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock worth $99,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Ratings Changes

NYT has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Guggenheim lifted their price target on shares of New York Times from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.40.

Insiders Place Their Bets

In other news, Director David S. Perpich sold 4,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $56.18, for a total transaction of $224,720.00. Following the completion of the transaction, the director now owns 27,569 shares in the company, valued at approximately $1,548,826.42. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William Bardeen sold 2,500 shares of New York Times stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $56.83, for a total transaction of $142,075.00. Following the completion of the transaction, the executive vice president now directly owns 16,727 shares in the company, valued at $950,595.41. This represents a 13.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,490 shares of company stock worth $479,728 over the last ninety days. Company insiders own 1.90% of the company's stock.

New York Times Stock Performance

Shares of NYT traded up $0.10 during midday trading on Friday, hitting $55.85. 742,239 shares of the stock traded hands, compared to its average volume of 1,363,616. The business's 50 day moving average price is $52.00 and its two-hundred day moving average price is $51.71. The firm has a market capitalization of $9.11 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $58.16.

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

New York Times Company Profile

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.