Northern Trust Corp Acquires 265,138 Shares of The New York Times Company (NYSE:NYT)

Northern Trust Corp increased its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,439,621 shares of the company's stock after buying an additional 265,138 shares during the quarter. Northern Trust Corp owned 0.88% of New York Times worth $74,932,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NYT. Quarry LP lifted its holdings in shares of New York Times by 437.6% in the fourth quarter. Quarry LP now owns 3,419 shares of the company's stock worth $178,000 after acquiring an additional 2,783 shares during the last quarter. Boothbay Fund Management LLC bought a new position in New York Times in the 4th quarter valued at approximately $384,000. Susquehanna Fundamental Investments LLC acquired a new stake in New York Times in the fourth quarter valued at approximately $10,182,000. Gilder Gagnon Howe & Co. LLC grew its stake in shares of New York Times by 19.4% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,651,762 shares of the company's stock worth $85,974,000 after buying an additional 268,085 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of New York Times by 13.0% during the fourth quarter. Voya Investment Management LLC now owns 130,045 shares of the company's stock worth $6,769,000 after buying an additional 14,988 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Trading Down 0.1 %

NYSE NYT opened at $52.28 on Tuesday. The firm has a market capitalization of $8.54 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The business's 50-day moving average price is $48.95 and its two-hundred day moving average price is $51.62. The New York Times Company has a 12 month low of $44.70 and a 12 month high of $58.16.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NYT. Morgan Stanley reduced their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock 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 given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.00.

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.

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