The New York Times Company (NYSE:NYT) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its position in shares of The New York Times Company (NYSE:NYT) by 24.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,159 shares of the company’s stock after selling 21,213 shares during the quarter. Edgestream Partners L.P.’s holdings in New York Times were worth $3,286,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in New York Times by 129.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock worth $72,000 after purchasing an additional 792 shares during the period. Signaturefd LLC grew its holdings in New York Times by 34.2% during the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after acquiring an additional 432 shares during the period. Blue Trust Inc. raised its position in New York Times by 401.8% during the second quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock valued at $115,000 after acquiring an additional 1,800 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in New York Times by 84,033.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,524 shares of the company’s stock valued at $124,000 after acquiring an additional 2,521 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of New York Times by 15.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,289 shares of the company’s stock worth $161,000 after purchasing an additional 451 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Insider Activity at New York Times

In other New York Times news, CFO William Bardeen sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $54.56, for a total value of $109,120.00. Following the transaction, the chief financial officer now directly owns 10,315 shares of the company’s stock, valued at approximately $562,786.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other New York Times news, CEO Levien Meredith A. Kopit sold 18,300 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $53.92, for a total value of $986,736.00. Following the completion of the sale, the chief executive officer now directly owns 101,772 shares in the company, valued at approximately $5,487,546.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO William Bardeen sold 2,000 shares of New York Times stock in a transaction on Friday, August 9th. The stock was sold at an average price of $54.56, for a total value of $109,120.00. Following the transaction, the chief financial officer now owns 10,315 shares in the company, valued at approximately $562,786.40. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of New York Times from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Barclays increased their target price on shares of New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

New York Times Price Performance

Shares of New York Times stock opened at $55.06 on Thursday. The business has a 50 day simple moving average of $53.88 and a two-hundred day simple moving average of $49.24. The stock has a market capitalization of $9.05 billion, a P/E ratio of 36.71 and a beta of 1.03. The New York Times Company has a 12 month low of $39.73 and a 12 month high of $56.49.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. New York Times had a return on equity of 17.45% and a net margin of 10.81%. The firm had revenue of $625.00 million during the quarter, compared to the consensus estimate of $624.82 million. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that The New York Times Company will post 1.9 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, July 9th. This represents a $0.52 dividend on an annualized basis and a yield of 0.94%. New York Times’s payout ratio is presently 34.67%.

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.