Valueworks LLC Reduces Stock Position in The New York Times Company (NYSE:NYT)

Valueworks LLC cut its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,661 shares of the company's stock after selling 17,138 shares during the quarter. New York Times makes up approximately 1.5% of Valueworks LLC's holdings, making the stock its 25th largest holding. Valueworks LLC owned about 0.05% of New York Times worth $4,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NYT. Barclays PLC increased its holdings in New York Times by 113.2% during the 3rd quarter. Barclays PLC now owns 123,256 shares of the company's stock worth $6,862,000 after purchasing an additional 65,438 shares during the last quarter. Park Avenue Securities LLC increased its holdings in New York Times by 236.0% during the 4th quarter. Park Avenue Securities LLC now owns 13,985 shares of the company's stock worth $728,000 after purchasing an additional 9,823 shares during the last quarter. UMB Bank n.a. increased its holdings in 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 purchasing an additional 283 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in New York Times by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,122 shares of the company's stock worth $735,000 after purchasing an additional 355 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in New York Times by 11.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 4,573 shares of the company's stock worth $238,000 after purchasing an additional 479 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NYT shares. Morgan Stanley dropped their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Finally, Guggenheim boosted their price target on New York Times from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to 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 Trading Down 1.2%

Shares of NYSE NYT opened at $55.29 on Tuesday. 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 market capitalization of $9.02 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The business has a 50 day simple moving average of $50.20 and a 200-day simple moving average of $51.54.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $635.91 million during the quarter, compared to analyst estimates of $634.99 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that The New York Times Company will post 2.08 earnings per share for the current year.

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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