International Assets Investment Management LLC Has $1.40 Million Holdings in The New York Times Company (NYSE:NYT)

International Assets Investment Management LLC lifted its stake in The New York Times Company (NYSE:NYT) by 5,467.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,052 shares of the company’s stock after acquiring an additional 24,602 shares during the quarter. International Assets Investment Management LLC’s holdings in New York Times were worth $1,395,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of New York Times by 72.9% during the 1st quarter. Janus Henderson Group PLC now owns 122,820 shares of the company’s stock valued at $5,308,000 after acquiring an additional 51,801 shares during the period. Entropy Technologies LP bought a new stake in New York Times during the first quarter worth about $473,000. Comerica Bank lifted its stake in shares of New York Times by 15.6% in the first quarter. Comerica Bank now owns 83,282 shares of the company’s stock worth $3,599,000 after buying an additional 11,234 shares in the last quarter. Russell Investments Group Ltd. lifted its position in New York Times by 9.0% during the first quarter. Russell Investments Group Ltd. now owns 116,934 shares of the company’s stock valued at $5,054,000 after purchasing an additional 9,609 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of New York Times in the first quarter worth $2,293,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at New York Times

In other New York Times news, CEO Levien Meredith A. Kopit sold 18,300 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $53.92, for a total value of $986,736.00. Following the completion of the transaction, the chief executive officer now directly owns 101,772 shares of the company’s stock, valued at approximately $5,487,546.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other New York Times news, CEO Levien Meredith A. Kopit sold 18,300 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $53.92, for a total transaction of $986,736.00. Following the sale, the chief executive officer now directly owns 101,772 shares in the company, valued at $5,487,546.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William Bardeen sold 2,000 shares of New York Times stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $54.56, for a total value of $109,120.00. Following the completion of the transaction, the chief financial officer now owns 10,315 shares in the company, valued at approximately $562,786.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

NYT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of New York Times from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of New York Times in a report on Wednesday, October 9th. They set a “buy” rating and a $65.00 target price for the company. Finally, Barclays upped their target price on shares of New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.71.

New York Times Trading Down 7.7 %

NYT stock opened at $52.45 on Tuesday. The firm has a market cap of $8.61 billion, a P/E ratio of 32.38 and a beta of 1.02. The New York Times Company has a 12-month low of $41.02 and a 12-month high of $57.08. The stock’s 50 day simple moving average is $54.78 and its 200 day simple moving average is $52.07.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. New York Times had a return on equity of 17.45% and a net margin of 10.81%. The firm had revenue of $625.00 million during the quarter, compared to the consensus estimate of $624.82 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, research analysts forecast that The New York Times Company will post 1.83 EPS for the current fiscal year.

New York Times Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, October 9th. New York Times’s dividend payout ratio is 32.10%.

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.