Occudo Quantitative Strategies LP Boosts Stake in The New York Times Company (NYSE:NYT)

Occudo Quantitative Strategies LP boosted its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 155.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,992 shares of the company's stock after buying an additional 8,510 shares during the period. Occudo Quantitative Strategies LP's holdings in New York Times were worth $728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in New York Times by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company's stock valued at $822,408,000 after acquiring an additional 63,856 shares during the period. Darsana Capital Partners LP increased its holdings in shares of New York Times by 15.0% in the fourth quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company's stock valued at $299,288,000 after purchasing an additional 750,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of New York Times by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company's stock valued at $210,084,000 after purchasing an additional 102,519 shares during the period. Renaissance Technologies LLC raised its stake in shares of New York Times by 13.3% during the fourth quarter. Renaissance Technologies LLC now owns 3,570,380 shares of the company's stock worth $185,838,000 after purchasing an additional 418,155 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of New York Times by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 3,376,517 shares of the company's stock worth $175,748,000 after purchasing an additional 22,725 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NYT shares. Morgan Stanley dropped their price objective on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded shares of New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Finally, Guggenheim increased 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Stock Performance

NYT stock traded up $0.43 during trading on Friday, reaching $55.98. 1,108,800 shares of the company were exchanged, compared to its average volume of 1,338,993. The stock's 50 day moving average price is $50.05 and its 200 day moving average price is $51.58. The New York Times Company has a 52-week low of $44.83 and a 52-week high of $58.16. The company has a market cap of $9.13 billion, a P/E ratio of 31.45, a PEG ratio of 1.75 and a beta of 1.16.

New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 18.51% and a net margin of 11.36%. The business had revenue of $635.91 million for the quarter, compared to analyst estimates of $634.99 million. During the same quarter in the previous year, the company earned $0.31 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that The New York Times Company will post 2.08 EPS for the current year.

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.