Advisors Asset Management Inc. Has $38,000 Stock Holdings in The New York Times Company (NYSE:NYT)

Advisors Asset Management Inc. trimmed its position in shares of The New York Times Company (NYSE:NYT) by 48.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 678 shares of the company’s stock after selling 631 shares during the period. Advisors Asset Management Inc.’s holdings in New York Times were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Darsana Capital Partners LP raised its stake in shares of New York Times by 25.0% during the 2nd quarter. Darsana Capital Partners LP now owns 6,250,000 shares of the company’s stock worth $320,062,000 after purchasing an additional 1,250,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in New York Times by 19.8% in the second quarter. Renaissance Technologies LLC now owns 2,912,142 shares of the company’s stock worth $149,131,000 after buying an additional 482,200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in New York Times by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,424,700 shares of the company’s stock valued at $124,164,000 after acquiring an additional 438,680 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in New York Times by 582.1% in the third quarter. Assenagon Asset Management S.A. now owns 361,235 shares of the company’s stock valued at $20,110,000 after acquiring an additional 308,277 shares during the last quarter. Finally, Bank of Montreal Can grew its position in New York Times by 964.9% in the second quarter. Bank of Montreal Can now owns 266,079 shares of the company’s stock worth $13,637,000 after acquiring an additional 241,093 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

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

New York Times Price Performance

Shares of NYT opened at $54.26 on Friday. The company has a market capitalization of $8.90 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The New York Times Company has a one year low of $41.55 and a one year high of $57.08. The company’s fifty day moving average price is $54.82 and its 200 day moving average price is $53.23.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The business had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same period in the previous year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts anticipate that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.13 dividend. The ex-dividend date of this dividend 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 30.77%.

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.