PharVision Advisers LLC Takes $292,000 Position in The New York Times Company (NYSE:NYT)

PharVision Advisers LLC acquired a new position in shares of The New York Times Company (NYSE:NYT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,613 shares of the company's stock, valued at approximately $292,000.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of New York Times by 511.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock worth $25,000 after buying an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in New York Times during the fourth quarter worth $36,000. UMB Bank n.a. raised its stake in New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock valued at $39,000 after purchasing an additional 283 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in New York Times by 27.7% in 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 during the period. Finally, Bessemer Group Inc. grew its position in 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 buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

New York Times Stock Down 1.0%

Shares of NYT stock opened at $54.80 on Thursday. The company has a market capitalization of $8.94 billion, a P/E ratio of 30.79, a P/E/G ratio of 1.75 and a beta of 1.16. The New York Times Company has a 12-month low of $44.83 and a 12-month high of $58.16. The firm has a 50-day moving average price of $50.46 and a 200 day moving average price of $51.59.

New York Times (NYSE:NYT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 11.36% and a return on equity of 18.51%. New York Times's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. As a group, research analysts expect that The New York Times Company will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

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

New York Times 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.

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