8,653 Shares in The New York Times Company (NYSE:NYT) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of The New York Times Company (NYSE:NYT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,653 shares of the company’s stock, valued at approximately $482,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in New York Times by 72.9% during the 1st quarter. Janus Henderson Group PLC now owns 122,820 shares of the company’s stock worth $5,308,000 after purchasing an additional 51,801 shares during the period. Comerica Bank boosted its position in New York Times by 15.6% during the 1st quarter. Comerica Bank now owns 83,282 shares of the company’s stock worth $3,599,000 after purchasing an additional 11,234 shares during the period. Russell Investments Group Ltd. boosted its position in New York Times by 9.0% during the 1st quarter. Russell Investments Group Ltd. now owns 116,934 shares of the company’s stock worth $5,054,000 after purchasing an additional 9,609 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in New York Times during the 1st quarter worth $2,623,000. Finally, Tidal Investments LLC boosted its position in New York Times by 391.9% during the 1st quarter. Tidal Investments LLC now owns 25,009 shares of the company’s stock worth $1,081,000 after purchasing an additional 19,925 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barclays upped their price objective on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times Stock Performance

Shares of New York Times stock opened at $52.13 on Wednesday. The firm has a market cap of $8.55 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. The firm’s 50-day simple moving average is $54.84 and its 200-day simple moving average is $52.86. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $57.08.

New York Times (NYSE:NYT) last issued its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. On average, equities analysts predict that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. New York Times’s dividend payout ratio (DPR) is presently 30.77%.

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.