Woodline Partners LP Has $22.46 Million Position in The New York Times Company (NYSE:NYT)

Woodline Partners LP lifted its stake in shares of The New York Times Company (NYSE:NYT - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 431,497 shares of the company's stock after buying an additional 73,732 shares during the quarter. Woodline Partners LP owned about 0.26% of New York Times worth $22,459,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in New York Times by 511.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock valued at $25,000 after acquiring an additional 394 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of New York Times during the fourth quarter worth approximately $36,000. UMB Bank n.a. grew its position in shares of New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company's stock valued at $39,000 after purchasing an additional 283 shares during the last quarter. Smartleaf Asset Management LLC grew 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 valued at $60,000 after purchasing an additional 247 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of New York Times by 12.6% during the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock worth $99,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NYT shares. Morgan Stanley reduced their price target on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Guggenheim lifted their target price on New York Times from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

New York Times Trading Up 0.2%

Shares of NYT stock opened at $55.37 on Wednesday. The stock has a market cap of $9.03 billion, a P/E ratio of 31.11, a price-to-earnings-growth ratio of 1.75 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 $58.16. The stock has a 50 day simple moving average of $50.35 and a 200 day simple moving average of $51.56.

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 for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $635.91 million during the quarter, compared to analysts' expectations of $634.99 million. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. Analysts forecast 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.

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