Squarepoint Ops LLC Purchases 937,354 Shares of The New York Times Company (NYSE:NYT)

Squarepoint Ops LLC lifted its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 210.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,382,695 shares of the company's stock after acquiring an additional 937,354 shares during the period. Squarepoint Ops LLC owned approximately 0.84% of New York Times worth $71,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently 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 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock worth $25,000 after acquiring an additional 394 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of New York Times during the 4th quarter worth approximately $36,000. UMB Bank n.a. lifted its holdings in shares of New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after acquiring an additional 283 shares during the period. 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 worth $60,000 after acquiring an additional 247 shares during the period. Finally, Bessemer Group Inc. increased its position in New York Times by 12.6% during the 4th 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 own 95.37% of the company's stock.

New York Times Trading Up 0.1%

NYSE NYT traded up $0.06 on Thursday, hitting $54.85. 1,443,611 shares of the company were exchanged, compared to its average volume of 1,345,988. The company has a market cap of $8.94 billion, a PE ratio of 30.81, a PEG ratio of 1.75 and a beta of 1.16. The stock has a fifty day moving average of $50.46 and a 200-day moving average of $51.59. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. The business had revenue of $635.91 million during the quarter, compared to analysts' expectations of $634.99 million. During the same period last year, the company posted $0.31 earnings per share. The business's quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts expect that The New York Times Company will post 2.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Guggenheim upped their price objective 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 objective 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, Wall Street Zen upgraded shares of New York Times from a "hold" rating to a "buy" rating in a research report 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $56.00.

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.