Jump Financial LLC Buys 114,973 Shares of The New York Times Company (NYSE:NYT)

Jump Financial LLC grew its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 1,858.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,159 shares of the company's stock after buying an additional 114,973 shares during the quarter. Jump Financial LLC owned approximately 0.07% of New York Times worth $6,306,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NYT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 valued at $25,000 after purchasing an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of New York Times during the 4th quarter worth approximately $36,000. UMB Bank n.a. boosted its holdings in shares of New York Times by 61.4% in the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock valued at $39,000 after buying an additional 283 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 buying an additional 247 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in 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 buying an additional 212 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NYT has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, New York Times has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Price Performance

NYT stock traded down $0.31 during midday trading on Monday, reaching $48.96. 172,178 shares of the stock were exchanged, compared to its average volume of 1,299,916. The New York Times Company has a 52 week low of $42.33 and a 52 week high of $58.16. The company has a fifty day moving average price of $48.49 and a 200 day moving average price of $51.94. The stock has a market capitalization of $8.00 billion, a PE ratio of 27.51, a P/E/G ratio of 1.75 and a beta of 1.10.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. As a group, analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. This is an increase from New York Times's previous quarterly dividend of $0.13. New York Times's dividend payout ratio (DPR) is presently 40.45%.

About New York Times

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.