Darsana Capital Partners LP Has $299.29 Million Stock Holdings in The New York Times Company (NYSE:NYT)

Darsana Capital Partners LP grew its holdings in The New York Times Company (NYSE:NYT - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,750,000 shares of the company's stock after purchasing an additional 750,000 shares during the quarter. New York Times comprises 9.1% of Darsana Capital Partners LP's portfolio, making the stock its 4th biggest holding. Darsana Capital Partners LP owned approximately 3.51% of New York Times worth $299,288,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NYT. 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 buying an additional 49,853 shares during the period. Clark & Stuart Inc bought a new position in New York Times during the fourth quarter worth $8,490,000. Park Avenue Securities LLC raised 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 last quarter. Proficio Capital Partners LLC acquired a new position in New York Times during the 4th quarter valued at $1,200,000. Finally, Figure 8 Investment Strategies LLC bought a new stake in New York Times in the 4th quarter valued at $492,000. 95.37% of the stock is currently owned by institutional investors.

New York Times Price Performance

Shares of New York Times stock traded up $0.56 during trading on Friday, hitting $52.32. 1,653,213 shares of the company's stock traded hands, compared to its average volume of 1,323,017. The company has a market cap of $8.54 billion, a PE ratio of 29.39, a PEG ratio of 1.75 and a beta of 1.16. The firm's fifty day moving average price is $48.86 and its 200 day moving average price is $51.67. The New York Times Company has a twelve month low of $44.70 and a twelve month high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings data 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 return on equity of 18.51% and a net margin of 11.36%. As a group, equities research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.18 per share. This is a positive change from New York Times's previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, April 1st. New York Times's dividend payout ratio is currently 40.45%.

Analyst Ratings Changes

A number of brokerages have recently commented on NYT. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Morgan Stanley cut 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.00.

New York Times Company 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.