The New York Times Company (NYSE:NYT) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of The New York Times Company (NYSE:NYT) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,999 shares of the company’s stock after purchasing an additional 1,556 shares during the period. Cerity Partners LLC’s holdings in New York Times were worth $891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of New York Times by 356.4% in 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 during the last quarter. GAMMA Investing LLC increased its position in shares of New York Times by 129.4% during the second quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock valued at $72,000 after acquiring an additional 792 shares during the last quarter. Signaturefd LLC raised its stake in shares of New York Times by 34.2% in the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock valued at $87,000 after acquiring an additional 432 shares during the period. Blue Trust Inc. lifted its holdings in shares of New York Times by 401.8% in the 2nd quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Paladin Wealth LLC purchased a new position in shares of New York Times during the 3rd quarter worth approximately $172,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NYT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted 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. Barclays increased their target price on 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. Finally, JPMorgan Chase & Co. lifted their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times Trading Up 0.4 %

Shares of NYSE NYT opened at $54.81 on Friday. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $57.08. The stock has a market cap of $8.99 billion, a P/E ratio of 32.43, a PEG ratio of 1.71 and a beta of 1.00. The business’s fifty day simple moving average is $54.76 and its 200-day simple moving average is $53.36.

New York Times (NYSE:NYT) last posted its quarterly earnings results 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. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same quarter last year, the company earned $0.37 EPS. New York Times’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Wednesday, October 9th. New York Times’s dividend payout ratio (DPR) is presently 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.