The New York Times Company (NYSE:NYT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The New York Times Company (NYSE:NYT) by 18.6% during the third quarter, Holdings Channel reports. The firm owned 38,635 shares of the company’s stock after buying an additional 6,068 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in New York Times were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in New York Times in the third quarter valued at $3,645,000. BNP Paribas Financial Markets grew its position in shares of New York Times by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 82,104 shares of the company’s stock worth $4,571,000 after acquiring an additional 40,058 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of New York Times by 45.2% in the 3rd quarter. Quantbot Technologies LP now owns 23,817 shares of the company’s stock worth $1,326,000 after acquiring an additional 7,412 shares during the period. FMR LLC lifted its position in New York Times by 41.9% in the 3rd quarter. FMR LLC now owns 524,032 shares of the company’s stock valued at $29,173,000 after purchasing an additional 154,822 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in New York Times by 6.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,567 shares of the company’s stock worth $2,481,000 after purchasing an additional 2,783 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Price Performance

NYT opened at $53.94 on Wednesday. The business has a 50 day moving average price of $54.78 and a two-hundred day moving average price of $53.35. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00. 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 announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Equities analysts expect that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently disclosed 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 was Wednesday, October 9th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. New York Times’s dividend payout ratio is currently 30.77%.

Analyst Ratings Changes

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

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.