New York Times (NYSE:NYT) Stock Rating Lowered by StockNews.com

New York Times (NYSE:NYT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, Morgan Stanley cut their price target on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, New York Times has a consensus rating of “Moderate Buy” and an average price target of $56.00.

New York Times Trading Down 2.5 %

NYSE:NYT opened at $47.54 on Thursday. The stock has a market capitalization of $7.76 billion, a PE ratio of 26.71, a P/E/G ratio of 1.75 and a beta of 1.18. New York Times has a 1-year low of $41.55 and a 1-year high of $58.16. The firm has a fifty day simple moving average of $49.56 and a 200 day simple moving average of $52.57.

New York Times (NYSE:NYT) last announced its quarterly earnings data 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 New York Times will post 2.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of New York Times by 511.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company’s stock valued at $25,000 after buying an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in New York Times during the 4th quarter worth $36,000. UMB Bank n.a. raised its holdings in New York Times by 61.4% in the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after acquiring an additional 283 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after purchasing an additional 247 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of New York Times by 12.6% in the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company’s stock worth $99,000 after purchasing an additional 212 shares during the period. Institutional investors own 95.37% of the company’s stock.

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.