Versor Investments LP Has $679,000 Position in The New York Times Company (NYSE:NYT)

Versor Investments LP reduced its position in shares of The New York Times Company (NYSE:NYT) by 29.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,200 shares of the company’s stock after selling 4,972 shares during the period. Versor Investments LP’s holdings in New York Times were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Oak Family Advisors LLC raised its stake in New York Times by 2.2% during the second quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock worth $547,000 after buying an additional 231 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in New York Times by 2.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock valued at $608,000 after buying an additional 247 shares in the last quarter. Hixon Zuercher LLC raised its stake in New York Times by 2.9% during the 3rd quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock worth $696,000 after buying an additional 354 shares during the period. UMB Bank n.a. increased its stake in New York Times by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares in the last quarter. Finally, Capital Investment Counsel Inc raised its holdings in New York Times by 1.7% during the second quarter. Capital Investment Counsel Inc now owns 22,701 shares of the company’s stock worth $1,163,000 after buying an additional 380 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

New York Times Stock Performance

New York Times stock opened at $54.48 on Thursday. The firm’s fifty day moving average price is $54.84 and its 200-day moving average price is $52.58. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $57.08. The stock has a market cap of $8.95 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 1.75 and a beta of 1.02.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $640.20 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. On average, analysts predict that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s dividend payout ratio is currently 30.77%.

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.