Handelsbanken Fonder AB Has $2.32 Million Holdings in The New York Times Company $NYT

Handelsbanken Fonder AB lessened its position in shares of The New York Times Company (NYSE:NYT) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,404 shares of the company’s stock after selling 1,900 shares during the period. Handelsbanken Fonder AB’s holdings in New York Times were worth $2,318,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Long Corridor Asset Management Ltd boosted its stake in New York Times by 52.8% in the 2nd quarter. Long Corridor Asset Management Ltd now owns 137,500 shares of the company’s stock valued at $7,697,000 after purchasing an additional 47,500 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of New York Times by 207.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 19,549 shares of the company’s stock worth $1,094,000 after buying an additional 13,189 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of New York Times by 86.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock valued at $40,000 after acquiring an additional 330 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of New York Times by 10.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 366,718 shares of the company’s stock valued at $20,529,000 after acquiring an additional 34,239 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in New York Times during the second quarter worth about $2,095,000. Institutional investors own 95.37% of the company’s stock.

Insiders Place Their Bets

In other New York Times news, EVP Jacqueline M. Welch sold 5,500 shares of New York Times stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.04, for a total value of $330,220.00. Following the transaction, the executive vice president owned 14,470 shares in the company, valued at $868,778.80. The trade was a 27.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by company insiders.

New York Times Trading Up 1.2%

NYSE NYT opened at $64.61 on Wednesday. The firm’s 50 day simple moving average is $58.51 and its 200 day simple moving average is $57.10. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 1.41 and a beta of 1.14. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $65.14.

New York Times (NYSE:NYT) last released its earnings results on Wednesday, November 5th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $700.82 million during the quarter, compared to analysts’ expectations of $692.01 million. New York Times had a return on equity of 19.55% and a net margin of 11.92%.The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. On average, equities research analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, October 8th. New York Times’s dividend payout ratio is currently 35.12%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NYT. Citigroup boosted their price objective on shares of New York Times from $64.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Morgan Stanley lifted their price target on shares of New York Times from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Evercore ISI reissued an “outperform” rating on shares of New York Times in a research report on Thursday, November 6th. Zacks Research cut New York Times from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Finally, Barclays upped their target price on New York Times from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and an average target price of $63.57.

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.