Kesler Norman & Wride LLC Has $2.02 Million Stake in The New York Times Company $NYT

Kesler Norman & Wride LLC grew its holdings in shares of The New York Times Company (NYSE:NYT) by 45.5% in the 4th quarter, Holdings Channel reports. The fund owned 29,074 shares of the company’s stock after buying an additional 9,087 shares during the period. Kesler Norman & Wride LLC’s holdings in New York Times were worth $2,018,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in New York Times by 233.4% during the third quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock worth $3,621,000 after acquiring an additional 44,161 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of New York Times by 28.4% during the third quarter. Envestnet Asset Management Inc. now owns 142,642 shares of the company’s stock worth $8,188,000 after purchasing an additional 31,507 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of New York Times by 143.6% during the third quarter. Intech Investment Management LLC now owns 232,445 shares of the company’s stock worth $13,342,000 after purchasing an additional 137,037 shares during the last quarter. Long Corridor Asset Management Ltd grew its holdings in shares of New York Times by 14.5% during the third quarter. Long Corridor Asset Management Ltd now owns 157,500 shares of the company’s stock worth $9,040,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of New York Times by 21.3% during the third quarter. Bahl & Gaynor Inc. now owns 97,265 shares of the company’s stock worth $5,583,000 after purchasing an additional 17,080 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

NYT has been the topic of several research reports. Morgan Stanley set a $90.00 price target on New York Times in a report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a report on Tuesday, April 21st. Argus upgraded New York Times to a “strong-buy” rating in a report on Thursday, February 19th. Evercore restated an “outperform” rating and set a $92.00 price target on shares of New York Times in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Insider Activity at New York Times

In other New York Times news, Director David S. Perpich sold 9,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the transaction, the director directly owned 28,469 shares in the company, valued at approximately $2,193,821.14. This represents a 24.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William Bardeen sold 4,121 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the transaction, the executive vice president owned 14,560 shares in the company, valued at $1,133,496. The trade was a 22.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Key Stories Impacting New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: The New York Times continued to publish a steady stream of high-profile newsroom and sports content, including coverage from The Athletic and major politics, entertainment, and world news stories, underscoring strong audience engagement. Ben Brown levels up, Lucas Erceg is droppable and more fantasy baseball takeaways
• Neutral Sentiment: Publisher criticism of AI firms for “brazen theft” highlights ongoing legal and licensing disputes around journalism content, but it also signals the company remains active in defending its intellectual property and potential revenue streams. New York Times publisher slams AI companies’ ‘brazen theft’ from news outlets
• Negative Sentiment: A notice that NYT investors can join an investigation by Schall Law Firm may raise concerns about possible shareholder claims or litigation risk, which can weigh on sentiment. NYT Investors Have the Opportunity to Join Investigation of The New York Times Company with the Schall Law Firm

New York Times Price Performance

Shares of NYT stock opened at $75.23 on Wednesday. The business’s 50 day simple moving average is $79.75 and its 200 day simple moving average is $74.27. The New York Times Company has a one year low of $51.03 and a one year high of $87.10. The stock has a market capitalization of $12.18 billion, a PE ratio of 32.29, a PEG ratio of 1.58 and a beta of 0.95.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The business had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts expect that The New York Times Company will post 2.93 earnings per share for the current year.

About New York Times

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.