The New York Times Company (NYSE:NYT) Shares Purchased by Ethic Inc.

Ethic Inc. raised its position in shares of The New York Times Company (NYSE:NYT) by 64.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,248 shares of the company’s stock after purchasing an additional 4,006 shares during the quarter. Ethic Inc.’s holdings in New York Times were worth $533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its stake in New York Times by 236.0% during the fourth quarter. Park Avenue Securities LLC now owns 13,985 shares of the company’s stock valued at $728,000 after buying an additional 9,823 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of New York Times during the fourth quarter valued at approximately $1,200,000. Figure 8 Investment Strategies LLC bought a new position in shares of New York Times during the fourth quarter valued at approximately $492,000. Baillie Gifford & Co. grew its holdings in shares of New York Times by 228.3% during the fourth quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company’s stock valued at $132,040,000 after purchasing an additional 1,764,078 shares during the last quarter. Finally, Lecap Asset Management Ltd. grew its holdings in shares of New York Times by 27.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 29,473 shares of the company’s stock valued at $1,534,000 after purchasing an additional 6,376 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NYT. Guggenheim upped their target price on New York Times from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Morgan Stanley lowered their target price on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.00.

New York Times Price Performance

Shares of NYT stock opened at $55.56 on Friday. The New York Times Company has a 12-month low of $44.83 and a 12-month high of $58.16. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The business has a 50 day simple moving average of $49.90 and a 200 day simple moving average of $51.61.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The business had revenue of $635.91 million during the quarter, compared to analyst estimates of $634.99 million. During the same period in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that The New York Times Company will post 2.08 EPS for the current fiscal year.

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.