AQR Capital Management LLC Purchases 90,571 Shares of The New York Times Company (NYSE:NYT)

AQR Capital Management LLC lifted its stake in shares of The New York Times Company (NYSE:NYT - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,166,371 shares of the company's stock after acquiring an additional 90,571 shares during the quarter. AQR Capital Management LLC owned about 0.71% of New York Times worth $60,710,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NYT. Northern Trust Corp boosted its stake in New York Times by 22.6% during the 4th quarter. Northern Trust Corp now owns 1,439,621 shares of the company's stock valued at $74,932,000 after purchasing an additional 265,138 shares in the last quarter. Quarry LP boosted its stake in New York Times by 437.6% during the fourth quarter. Quarry LP now owns 3,419 shares of the company's stock valued at $178,000 after buying an additional 2,783 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in New York Times during the fourth quarter worth about $384,000. Susquehanna Fundamental Investments LLC bought a new stake in New York Times in the fourth quarter worth about $10,182,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in New York Times by 19.4% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,651,762 shares of the company's stock valued at $85,974,000 after acquiring an additional 268,085 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Morgan Stanley decreased their price target on shares of 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $56.00.

New York Times Stock Up 0.8 %

Shares of New York Times stock traded up $0.42 during trading on Tuesday, hitting $52.69. The stock had a trading volume of 2,060,806 shares, compared to its average volume of 1,331,621. The stock has a 50 day simple moving average of $48.95 and a 200 day simple moving average of $51.62. The New York Times Company has a 1 year low of $44.70 and a 1 year high of $58.16. The company has a market capitalization of $8.60 billion, a PE ratio of 29.59, a P/E/G ratio of 1.75 and a beta of 1.16.

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 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, equities analysts expect that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

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.