Public Employees Retirement System of Ohio Makes New $3.44 Million Investment in The New York Times Company $NYT

Public Employees Retirement System of Ohio bought a new stake in The New York Times Company (NYSE:NYT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 49,099 shares of the company’s stock, valued at approximately $3,436,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC lifted its position in New York Times by 4.2% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock worth $282,000 after acquiring an additional 135 shares during the period. Andina Capital Management LLC increased its holdings in shares of New York Times by 1.7% in the fourth quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock valued at $612,000 after purchasing an additional 147 shares during the period. Bessemer Group Inc. raised its stake in shares of New York Times by 34.4% during the first quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock worth $58,000 after purchasing an additional 176 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of New York Times by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock worth $1,246,000 after purchasing an additional 189 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of New York Times by 2.0% during the third quarter. Quadrant Capital Group LLC now owns 10,809 shares of the company’s stock worth $620,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Price Performance

NYSE NYT opened at $67.25 on Friday. The business has a 50 day moving average price of $70.36 and a 200 day moving average price of $75.42. The company has a market capitalization of $10.85 billion, a P/E ratio of 28.02, a PEG ratio of 1.73 and a beta of 0.92. The New York Times Company has a 1-year low of $54.10 and a 1-year high of $87.10.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $762.46 million for the quarter, compared to the consensus estimate of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%.New York Times’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. On average, research analysts expect that The New York Times Company will post 2.84 earnings per share for the current fiscal year.

New York Times Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were given a $0.23 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. New York Times’s payout ratio is currently 38.33%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Citigroup reiterated a “neutral” rating on shares of New York Times in a research report on Wednesday, June 24th. Wall Street Zen downgraded New York Times from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research cut New York Times from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, UBS Group set a $75.00 target price on shares of New York Times in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $82.33.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Solid earnings momentum supports the stock. The New York Times reported quarterly earnings of $0.69 per share, above the $0.67 consensus estimate, while revenue of $762.5 million exceeded expectations and increased 11.2% year over year. A Zacks review says NYT has risen 3.5% since that report, suggesting investors continue to view its subscription and digital business performance favorably. Why Is New York Times Up 3.5% Since Last Earnings Report?
• Positive Sentiment: Broad content output may help sustain reader engagement. Recent coverage spans major entertainment, politics, international news, culture and The Athletic’s sports reporting. Articles including coverage of “Practical Magic 2,” the U.S. Open, soccer transfers and global events highlight the breadth of NYT’s subscription content, although no article disclosed a specific subscriber or revenue gain. How the Stars of Practical Magic 2 Reclaimed Their Power
• Neutral Sentiment: Most newly published articles are not direct stock catalysts. Coverage of Gloria Steinem, Nepal, Germany, Ukraine, the arts, lifestyle and sports reflects ongoing newsroom activity but does not provide new information on NYT’s financial outlook, pricing, subscriber trends or operating costs.
• Negative Sentiment: The AI copyright case remains a significant uncertainty. The U.S. government reportedly sided with OpenAI in defending the use of copyrighted works to train AI models in The New York Times’ lawsuit. That position could complicate NYT’s legal strategy and increase uncertainty over potential licensing revenue, damages or restrictions on AI training. US government sides with OpenAI in New York Times copyright lawsuit
• Negative Sentiment: Interest-rate uncertainty may pressure valuation. Reports that a rate increase remains possible could weigh on richly valued growth and subscription companies such as NYT, particularly while the shares trade above 28 times earnings.

About New York Times

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.