Sciencast Management LP Buys New Shares in The New York Times Company (NYSE:NYT)

Sciencast Management LP bought a new stake in shares of The New York Times Company (NYSE:NYT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,779 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NYT. UMB Bank n.a. lifted its position in New York Times by 61.4% during the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after purchasing an additional 283 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in New York Times by 27.7% during the fourth 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. GAMMA Investing LLC lifted its position in New York Times by 20.2% during the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after purchasing an additional 424 shares in the last quarter. Portfolio Design Labs LLC purchased a new position in New York Times during the fourth quarter valued at $202,000. Finally, Synergy Financial Group LTD purchased a new position in New York Times during the third quarter valued at $217,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

New York Times Stock Up 0.3 %

NYSE:NYT opened at $48.72 on Monday. The New York Times Company has a 52 week low of $41.55 and a 52 week high of $58.16. The business’s 50-day simple moving average is $50.21 and its two-hundred day simple moving average is $52.85. The stock has a market cap of $7.96 billion, a PE ratio of 27.37, a P/E/G ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. Sell-side analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. This is a boost from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. New York Times’s payout ratio is 40.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley decreased their price target on New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.