Victory Capital Management Inc. Has $4.17 Million Stock Holdings in The New York Times Company (NYSE:NYT)

Victory Capital Management Inc. increased its holdings in shares of The New York Times Company (NYSE:NYT) by 63.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,167 shares of the company’s stock after buying an additional 31,096 shares during the period. Victory Capital Management Inc.’s holdings in New York Times were worth $4,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of New York Times by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company’s stock worth $187,544,000 after purchasing an additional 49,853 shares during the period. Comgest Global Investors S.A.S. lifted its position in shares of New York Times by 3.2% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 462,032 shares of the company’s stock worth $25,721,000 after purchasing an additional 14,407 shares during the period. BNP Paribas Financial Markets lifted its position in shares of New York Times by 95.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 82,104 shares of the company’s stock worth $4,571,000 after purchasing an additional 40,058 shares during the period. Clark & Stuart Inc acquired a new position in shares of New York Times in the 4th quarter worth approximately $8,490,000. Finally, Park Avenue Securities LLC lifted its position in shares of New York Times by 236.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,985 shares of the company’s stock worth $728,000 after purchasing an additional 9,823 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

NYT has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley lowered their price objective on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.00.

New York Times Trading Up 2.3 %

Shares of NYT stock opened at $48.92 on Friday. The firm has a market capitalization of $7.99 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The firm has a fifty day simple moving average of $50.52 and a two-hundred day simple moving average of $53.06. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. On average, equities analysts predict that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from New York Times’s previous quarterly dividend of $0.13. New York Times’s payout ratio is 40.45%.

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.