Quantinno Capital Management LP Has $3.33 Million Holdings in The New York Times Company (NYSE:NYT)

Quantinno Capital Management LP lessened its stake in The New York Times Company (NYSE:NYT - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,966 shares of the company's stock after selling 6,723 shares during the quarter. Quantinno Capital Management LP's holdings in New York Times were worth $3,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NYT. Baillie Gifford & Co. increased its position in 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 acquiring an additional 1,764,078 shares in the last quarter. Millennium Management LLC increased its position in New York Times by 133.6% in the 4th quarter. Millennium Management LLC now owns 1,559,837 shares of the company's stock valued at $81,190,000 after acquiring an additional 892,155 shares in the last quarter. Alliancebernstein L.P. increased its position in New York Times by 87.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,908,477 shares of the company's stock valued at $99,336,000 after acquiring an additional 891,249 shares in the last quarter. Darsana Capital Partners LP increased its position in New York Times by 15.0% in the 4th quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company's stock valued at $299,288,000 after acquiring an additional 750,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of New York Times by 497.1% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 703,731 shares of the company's stock worth $36,629,000 after buying an additional 585,871 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented 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 report on Thursday, May 8th. Morgan Stanley lowered their price target on shares of 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. Finally, StockNews.com upgraded shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

New York Times Price Performance

Shares of NYSE:NYT opened at $55.29 on Tuesday. The New York Times Company has a one year low of $44.83 and a one year high of $58.16. The company has a 50 day moving average of $50.20 and a 200-day moving average of $51.54. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.75 and a beta of 1.16.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings data 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 firm 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%. The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. Equities research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

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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