Susquehanna Fundamental Investments LLC Takes Position in The New York Times Company (NYSE:NYT)

Susquehanna Fundamental Investments LLC acquired a new position in The New York Times Company (NYSE:NYT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 195,619 shares of the company's stock, valued at approximately $10,182,000. Susquehanna Fundamental Investments LLC owned 0.12% of New York Times as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in New York Times by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company's stock worth $187,544,000 after purchasing an additional 49,853 shares during the last quarter. Clark & Stuart Inc bought a new stake in shares of New York Times during the 4th quarter worth about $8,490,000. Park Avenue Securities LLC boosted its stake 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 valued at $728,000 after purchasing an additional 9,823 shares during the period. Proficio Capital Partners LLC bought a new stake in New York Times during the 4th quarter valued at approximately $1,200,000. Finally, Figure 8 Investment Strategies LLC bought a new stake in shares of New York Times in the 4th quarter worth approximately $492,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on 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 shares of 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, New York Times has an average rating of "Moderate Buy" and an average price target of $56.00.

New York Times Stock Performance

Shares of NYSE NYT traded up $0.41 during trading hours on Wednesday, hitting $52.03. 1,697,964 shares of the stock were exchanged, compared to its average volume of 1,319,175. The company has a market cap of $8.50 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The company's fifty day simple moving average is $48.61 and its two-hundred day simple moving average is $51.75. The New York Times Company has a 1-year low of $42.71 and a 1-year high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last issued 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, sell-side analysts expect that The New York Times Company will post 2.08 EPS 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 1.38%. 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.