The New York Times Company (NYSE:NYT) is Dynamic Technology Lab Private Ltd’s 7th Largest Position

Dynamic Technology Lab Private Ltd boosted its stake in The New York Times Company (NYSE:NYT) by 47.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 65,640 shares of the company’s stock after acquiring an additional 21,073 shares during the period. New York Times comprises approximately 0.5% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 7th largest position. Dynamic Technology Lab Private Ltd’s holdings in New York Times were worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NYT. Coldstream Capital Management Inc. grew its stake in shares of New York Times by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after buying an additional 193 shares in the last quarter. Brown Financial Advisors grew its position in New York Times by 2.3% in the 4th quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock valued at $468,000 after acquiring an additional 200 shares in the last quarter. IFP Advisors Inc increased its stake in New York Times by 0.7% during the fourth quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock worth $1,789,000 after purchasing an additional 224 shares during the period. Natixis Advisors LLC increased its stake in New York Times by 1.2% during the fourth quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock worth $999,000 after purchasing an additional 228 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of New York Times by 27.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Down 2.5 %

Shares of New York Times stock opened at $47.54 on Friday. The New York Times Company has a 52-week low of $41.55 and a 52-week high of $58.16. The company has a market capitalization of $7.76 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.75 and a beta of 1.18. The company has a 50 day moving average of $49.56 and a 200 day moving average of $52.57.

New York Times (NYSE:NYT) last released its quarterly earnings data 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 net margin of 11.36% and a return on equity of 18.51%. As a group, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This is a boost from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times’s dividend payout ratio is currently 40.45%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NYT. Morgan Stanley reduced their target price on shares of 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. StockNews.com lowered New York Times from a “buy” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.