Sanctuary Advisors LLC Purchases New Holdings in The New York Times Company (NYSE:NYT)

Sanctuary Advisors LLC acquired a new stake in The New York Times Company (NYSE:NYT) during the third quarter, according to its most recent filing with the SEC. The firm acquired 5,140 shares of the company’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in shares of New York Times by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after acquiring an additional 193 shares during the period. Synergy Financial Group LTD acquired a new position in New York Times during the 3rd quarter valued at about $217,000. Geode Capital Management LLC grew its position in shares of New York Times by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,932,816 shares of the company’s stock worth $218,978,000 after buying an additional 154,509 shares during the period. Barclays PLC raised its stake in shares of New York Times by 113.2% during the third quarter. Barclays PLC now owns 123,256 shares of the company’s stock worth $6,862,000 after buying an additional 65,438 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in New York Times by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 64,088 shares of the company’s stock valued at $3,568,000 after buying an additional 1,415 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Trading Down 0.7 %

Shares of New York Times stock opened at $53.19 on Friday. The stock’s fifty day simple moving average is $54.46 and its 200 day simple moving average is $53.85. The company has a market capitalization of $8.72 billion, a PE ratio of 31.47, a PEG ratio of 1.75 and a beta of 1.00. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16.

New York Times (NYSE:NYT) last released its quarterly earnings results 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 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 firm posted $0.37 earnings per share. New York Times’s revenue was up 7.0% compared to the same quarter last year. Analysts predict that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, January 9th. New York Times’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

NYT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times 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.