Nisa Investment Advisors LLC decreased its holdings in shares of The New York Times Company (NYSE:NYT – Free Report) by 33.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,847 shares of the company’s stock after selling 10,623 shares during the quarter. Nisa Investment Advisors LLC’s holdings in New York Times were worth $1,328,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Basecamp Wealth Advisors LLC raised its position in shares of New York Times by 1,191.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock valued at $26,000 after purchasing an additional 286 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of New York Times by 313.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock worth $47,000 after buying an additional 430 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of New York Times by 34.4% during the 1st quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock worth $58,000 after buying an additional 176 shares during the period. Steph & Co. bought a new stake in shares of New York Times during the 3rd quarter worth about $68,000. Finally, Versant Capital Management Inc boosted its holdings in shares of New York Times by 940.4% during the 2nd quarter. Versant Capital Management Inc now owns 1,186 shares of the company’s stock worth $83,000 after buying an additional 1,072 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.
New York Times Price Performance
NYT stock opened at $70.67 on Tuesday. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 1.80 and a beta of 0.93. The business’s fifty day moving average price is $66.84 and its two-hundred day moving average price is $73.36. The New York Times Company has a fifty-two week low of $55.93 and a fifty-two week high of $87.10.
New York Times (NYSE:NYT – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $762.46 million during the quarter, compared to the consensus estimate of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. Research analysts expect that The New York Times Company will post 2.83 EPS for the current year.
New York Times Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, October 7th. New York Times’s dividend payout ratio (DPR) is currently 38.33%.
Analysts Set New Price Targets
A number of research analysts recently commented on NYT shares. Morgan Stanley decreased their price target on shares of New York Times from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Sunday, October 11th. Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Barclays cut their price objective on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. UBS Group set a $82.00 price objective on New York Times in a report on Tuesday, September 15th. Finally, Zacks Research downgraded New York Times from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.70.
Get Our Latest Analysis on New York Times
Key Headlines Impacting New York Times
Here are the key news stories impacting New York Times this week:
- Positive Sentiment: Broad sports coverage supports engagement. Numerous recent Athletic articles cover Manchester United, the NFL, WNBA, NHL, college football, golf and Formula 1. Continued high-profile sports journalism can help sustain digital subscriptions, reader engagement and advertising inventory. Why did the match-going Manchester United fans give Michael Carrick such strong support?
- Positive Sentiment: Business and technology coverage may reinforce NYT’s relevance to premium readers. Articles on Anthropic’s prospective blockbuster IPO, DraftKings’ customer-targeting practices and global markets provide timely coverage of subjects attractive to financially engaged audiences. Anthropic Reveals 14-Fold Increase in Growth as It Prepares for Blockbuster I.P.O.
- Neutral Sentiment: No direct company-specific catalyst was reported. The supplied articles contain no new guidance, subscriber figures, dividend announcement, acquisition, or other material update from The New York Times Company. The stock remains valued at roughly 29 times earnings and is trading near its 200-day moving average, leaving broader market sentiment and expectations important.
- Neutral Sentiment: Third-party stock comparison adds limited investor visibility. A separate article compares NYT with Nexxen International, but the headline alone does not indicate a change in analyst recommendations or company fundamentals. Comparing New York Times and Nexxen International
New York Times Company Profile
The New York Times Company (NYSE: NYT) is a media and technology company best known for publishing The New York Times, a daily newspaper founded in 1851 by Henry Jarvis Raymond and George Jones. The company produces journalism across national and international news, business, politics, culture, science, sports and other topics through print and digital platforms.
In addition to its core news operation, the company offers a range of subscription products and digital services, including NYT Cooking, Games, Audio and The Athletic, a subscription-based sports media platform.
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