The New York Times Company (NYSE:NYT) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its stake in shares of The New York Times Company (NYSE:NYT - Free Report) by 133.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,559,837 shares of the company's stock after purchasing an additional 892,155 shares during the period. Millennium Management LLC owned 0.95% of New York Times worth $81,190,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NYT. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in 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 buying an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of New York Times in the 4th quarter worth $36,000. UMB Bank n.a. raised its holdings in shares of New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after acquiring an additional 283 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock valued at $60,000 after acquiring an additional 247 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings 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 valued at $99,000 after purchasing an additional 212 shares during the period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

New York Times Trading Up 0.8%

NYSE NYT traded up $0.43 during trading hours on Friday, reaching $55.98. The company had a trading volume of 1,108,800 shares, compared to its average volume of 1,338,993. The stock has a market capitalization of $9.13 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The stock has a 50-day moving average of $50.05 and a 200 day moving average of $51.58. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. The firm had revenue of $635.91 million for the quarter, compared to analyst estimates of $634.99 million. During the same period in the prior year, the business posted $0.31 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that The New York Times Company will post 2.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on NYT shares. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Guggenheim raised their price target on shares of New York Times from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Morgan Stanley decreased their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, New York Times presently 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.