The New York Times Company (NYSE:NYT) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 11,158.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,236 shares of the company's stock after buying an additional 463,086 shares during the period. Schonfeld Strategic Advisors LLC owned 0.28% of New York Times worth $24,320,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NYT. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of 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 purchasing an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of New York Times during the fourth quarter worth $36,000. UMB Bank n.a. grew its holdings in shares of New York Times by 61.4% during the fourth quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after buying an additional 283 shares in the last quarter. Smartleaf Asset Management LLC raised 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 buying an additional 247 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of New York Times by 12.6% in 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 in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

New York Times Trading Up 1.1 %

NYSE NYT traded up $0.56 during trading hours on Friday, reaching $52.32. The company had a trading volume of 1,653,213 shares, compared to its average volume of 1,323,197. The New York Times Company has a 1-year low of $44.61 and a 1-year high of $58.16. The stock has a market capitalization of $8.54 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The stock has a 50-day moving average of $48.86 and a 200 day moving average of $51.70.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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, sell-side analysts predict that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from New York Times's previous quarterly dividend of $0.13. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. New York Times's payout ratio is presently 40.45%.

Wall Street Analyst Weigh In

A number of research firms have commented on NYT. Morgan Stanley cut 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 report on Thursday, February 6th. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, New York Times currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

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.