Universal Beteiligungs und Servicegesellschaft mbH Takes $15.66 Million Position in The New York Times Company (NYSE:NYT)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in The New York Times Company (NYSE:NYT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 300,842 shares of the company's stock, valued at approximately $15,659,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of New York Times as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NYT. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in New York Times by 511.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock worth $25,000 after buying an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in New York Times during the 4th quarter worth approximately $36,000. Smartleaf Asset Management LLC increased its position in 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 purchasing an additional 247 shares in the last quarter. 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. Finally, Putney Financial Group LLC acquired a new position in New York Times during the 4th quarter worth approximately $102,000. Institutional investors own 95.37% of the company's stock.

Wall Street Analysts Forecast Growth

NYT has been the subject of a number of research analyst reports. 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 reduced 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. Finally, Wall Street Zen raised New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Three investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Stock Up 1.1%

New York Times stock traded up $0.64 during trading hours on Friday, reaching $57.14. 2,143,875 shares of the company's stock were exchanged, compared to its average volume of 1,362,226. The firm has a market capitalization of $9.32 billion, a PE ratio of 32.10, a PEG ratio of 1.75 and a beta of 1.16. The firm's 50 day simple moving average is $51.44 and its 200 day simple moving average is $51.63. The New York Times Company has a twelve month low of $44.83 and a twelve month high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings results 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. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The firm had revenue of $635.91 million for the quarter, compared to analyst estimates of $634.99 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The company's revenue was up 7.1% compared to the same quarter last year. Analysts anticipate that The New York Times Company will post 2.08 EPS 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.