State of Alaska Department of Revenue increased its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 164.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,119 shares of the company's stock after acquiring an additional 30,515 shares during the period. State of Alaska Department of Revenue's holdings in New York Times were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Centiva Capital LP increased its holdings in shares of New York Times by 58.6% in the 4th quarter. Centiva Capital LP now owns 36,031 shares of the company's stock worth $1,875,000 after buying an additional 13,311 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of New York Times in the 4th quarter valued at $1,200,000. Lazard Asset Management LLC boosted its stake in shares of New York Times by 31.0% in the 4th quarter. Lazard Asset Management LLC now owns 16,462 shares of the company's stock valued at $856,000 after purchasing an additional 3,894 shares in the last quarter. 111 Capital purchased a new stake in shares of New York Times in the 4th quarter valued at $342,000. Finally, Legacy Wealth Asset Management LLC purchased a new stake in shares of New York Times in the 1st quarter valued at $399,000. Institutional investors own 95.37% of the company's stock.
Insider Buying and Selling at New York Times
In other news, Director David S. Perpich sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $56.18, for a total transaction of $224,720.00. Following the sale, the director now owns 27,569 shares in the company, valued at $1,548,826.42. This represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William Bardeen sold 2,500 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $56.83, for a total transaction of $142,075.00. Following the sale, the executive vice president now owns 16,727 shares in the company, valued at approximately $950,595.41. The trade was a 13.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,490 shares of company stock valued at $479,728. Corporate insiders own 1.90% of the company's stock.
New York Times Price Performance
NYT stock traded up $0.05 during trading on Tuesday, reaching $54.77. The company had a trading volume of 1,930,947 shares, compared to its average volume of 1,389,512. The New York Times Company has a 52 week low of $44.83 and a 52 week high of $58.16. The company has a market cap of $8.93 billion, a P/E ratio of 29.77, a PEG ratio of 1.90 and a beta of 1.13. The business has a 50 day moving average of $53.73 and a 200 day moving average of $51.75.
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 analysts' consensus estimates of $0.35 by $0.06. New York Times had a net margin of 11.53% and a return on equity of 18.70%. The company had revenue of $635.91 million during the quarter, compared to the consensus estimate of $634.99 million. During the same period in the prior year, the firm earned $0.31 earnings per share. New York Times's revenue was up 7.1% on a year-over-year basis. Research analysts expect that The New York Times Company will post 2.08 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Guggenheim increased their price target on shares of New York Times from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Monday, June 2nd. Finally, Citigroup reissued a "buy" rating on shares of New York Times in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, New York Times presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.40.
Check Out Our Latest Stock Report on New York Times
New York Times Profile
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Free Report)
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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