UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 583,539 shares of the company's stock after acquiring an additional 53,212 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.36% of New York Times worth $30,373,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 worth $25,000 after purchasing an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in New York Times in the 4th quarter worth approximately $36,000. Smartleaf Asset Management LLC raised its position in shares of New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock worth $60,000 after buying an additional 247 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of New York Times by 12.6% during the 4th quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock valued at $99,000 after acquiring an additional 212 shares during the last quarter. Finally, Quarry LP lifted its position in New York Times by 437.6% during the fourth quarter. Quarry LP now owns 3,419 shares of the company's stock valued at $178,000 after purchasing an additional 2,783 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.
New York Times Stock Performance
Shares of NYSE NYT traded up $0.64 during mid-day trading on Friday, hitting $57.14. The stock had a trading volume of 1,981,449 shares, compared to its average volume of 1,361,744. The firm has a market cap of $9.32 billion, a PE ratio of 32.10, a PEG ratio of 1.75 and a beta of 1.16. The New York Times Company has a twelve month low of $44.83 and a twelve month high of $58.16. The company has a 50 day moving average of $51.28 and a two-hundred day moving average of $51.62.
New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 net margin of 11.36% and a return on equity of 18.51%. New York Times's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS. Equities research analysts predict that The New York Times Company will post 2.08 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on NYT. Guggenheim raised their price objective on New York Times from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Finally, Morgan Stanley lowered their price objective on shares of 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. Three equities 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 has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.
Check Out Our Latest Stock Analysis on NYT
New York Times Company Profile
(
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.
Further Reading
Before you consider New York Times, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Times wasn't on the list.
While New York Times currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
