The New York Times Company (NYSE:NYT) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP trimmed its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,380 shares of the company's stock after selling 5,606 shares during the period. Brevan Howard Capital Management LP's holdings in New York Times were worth $1,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NYT. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of New York Times by 511.7% during the 4th 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. bought a new stake in New York Times during the fourth quarter worth approximately $36,000. UMB Bank n.a. lifted its position in New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after purchasing an additional 283 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 247 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of New York Times by 12.6% during the 4th 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 institutional investors.

New York Times Stock Down 0.2 %

Shares of New York Times stock opened at $52.57 on Thursday. The New York Times Company has a 12-month low of $44.70 and a 12-month high of $58.16. The firm has a market capitalization of $8.58 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The stock's fifty day moving average is $49.13 and its 200-day moving average is $51.64.

New York Times (NYSE:NYT - Get Free Report) last announced its 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 net margin of 11.36% and a return on equity of 18.51%. The company had revenue of $635.91 million during the quarter, compared to analysts' expectations of $634.99 million. During the same period last year, the company posted $0.31 earnings per share. The business's revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that The New York Times Company will post 2.08 EPS for the current year.

Analysts Set New Price Targets

NYT has been the subject of several research analyst reports. StockNews.com raised New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

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.

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