Twin Tree Management LP Increases Stock Position in The New York Times Company $NYT

Key Points

• Twin Tree Management LP has increased its stake in **The New York Times Company** by **18.3%**, now owning **60,231 shares** valued at **$3,372,000**.
• Institutional investors collectively own **95.37%** of NYT's stock, with significant recent increases from Acadian Asset Management LLC and AQR Capital Management LLC, among others.
• The New York Times recently declared a **quarterly dividend of $0.18 per share**, resulting in a **1.3% yield** and demonstrating ongoing commitment to returning value to shareholders.

Twin Tree Management LP boosted its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 18.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,231 shares of the company's stock after acquiring an additional 9,325 shares during the period. Twin Tree Management LP's holdings in New York Times were worth $3,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NYT. Acadian Asset Management LLC lifted its position in New York Times by 383.0% during the first quarter. Acadian Asset Management LLC now owns 1,765,338 shares of the company's stock valued at $87,538,000 after acquiring an additional 1,399,865 shares during the last quarter. AQR Capital Management LLC lifted its position in New York Times by 101.6% during the first quarter. AQR Capital Management LLC now owns 2,351,100 shares of the company's stock valued at $115,627,000 after acquiring an additional 1,184,729 shares during the last quarter. Allianz Asset Management GmbH lifted its position in New York Times by 210.7% during the first quarter. Allianz Asset Management GmbH now owns 1,609,513 shares of the company's stock valued at $79,832,000 after acquiring an additional 1,091,430 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in New York Times by 65.2% during the first quarter. Burgundy Asset Management Ltd. now owns 2,325,224 shares of the company's stock valued at $115,331,000 after acquiring an additional 917,766 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in New York Times during the first quarter valued at approximately $37,500,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insiders Place Their Bets

In related news, EVP William Bardeen sold 5,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $58.04, for a total transaction of $290,200.00. Following the sale, the executive vice president directly owned 11,243 shares of the company's stock, valued at approximately $652,543.72. This represents a 30.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jacqueline M. Welch sold 5,500 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $60.04, for a total transaction of $330,220.00. Following the sale, the executive vice president directly owned 14,470 shares in the company, valued at $868,778.80. This trade represents a 27.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

NYT has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of New York Times in a research report on Wednesday, October 8th. Zacks Research lowered shares of New York Times from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Evercore ISI upped their price target on shares of New York Times from $60.00 to $67.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Morgan Stanley upped their price target on shares of New York Times from $54.00 to $59.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, Guggenheim upped their price target on shares of New York Times from $55.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, New York Times has an average rating of "Moderate Buy" and a consensus price target of $60.33.

New York Times Price Performance

NYSE:NYT opened at $55.66 on Friday. The firm has a market capitalization of $9.06 billion, a P/E ratio of 28.69, a PEG ratio of 1.38 and a beta of 1.16. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $62.24. The company's fifty day moving average price is $57.99 and its 200-day moving average price is $54.97.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. The firm had revenue of $685.90 million for the quarter, compared to analyst estimates of $670.22 million. New York Times had a net margin of 11.92% and a return on equity of 19.55%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities analysts anticipate that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. New York Times's dividend payout ratio is 37.11%.

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.

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