11,700 Shares in The New York Times Company $NYT Bought by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in The New York Times Company (NYSE:NYT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,700 shares of the company’s stock, valued at approximately $819,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of New York Times by 6,931.8% in the second quarter. California State Teachers Retirement System now owns 12,671,559 shares of the company’s stock valued at $886,756,000 after acquiring an additional 12,491,356 shares in the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of New York Times during the fourth quarter worth about $351,664,000. Geode Capital Management LLC grew its position in shares of New York Times by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock worth $272,347,000 after purchasing an additional 50,389 shares in the last quarter. Renaissance Technologies LLC raised its stake in New York Times by 20.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,756,180 shares of the company’s stock valued at $230,775,000 after purchasing an additional 465,600 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in New York Times by 77.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,924,396 shares of the company’s stock valued at $133,592,000 after purchasing an additional 838,305 shares during the period. 95.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NYT. Barclays dropped their target price on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research cut shares of New York Times from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a report on Friday, July 17th. Finally, Bank of America cut their price objective on New York Times from $87.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.33.

New York Times Trading Up 5.2%

Shares of NYSE NYT opened at $70.37 on Tuesday. The firm’s 50-day moving average price is $69.80 and its 200-day moving average price is $75.10. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 1.74 and a beta of 0.92. The New York Times Company has a 12-month low of $54.10 and a 12-month high of $87.10.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The company had revenue of $762.46 million during the quarter, compared to analyst estimates of $752.01 million. During the same quarter last year, the business posted $0.58 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that The New York Times Company will post 2.82 EPS for the current fiscal year.

Trending Headlines about New York Times

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

• Positive Sentiment: High-profile coverage of geopolitical tensions, oil-market risks, diesel prices, artificial intelligence and U.S. politics underscores the breadth of The New York Times’ global and premium news offering. This could support audience engagement and subscriptions, although the articles do not provide traffic or subscriber data. What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
• Positive Sentiment: Extensive coverage of the debate over slowing artificial-intelligence development may increase readership around one of the most consequential business and technology topics, including reporting on President Trump, Anthropic and Silicon Valley. President Trump Is on the Line About an A.I. Slowdown
• Neutral Sentiment: International reporting on the Middle East, Ukraine, Russia and energy markets could drive news interest, but it has no disclosed, direct impact on NYT financial results. Saudi Leader Meets U.S. Commander as Widening Conflict Threatens Oil Markets
• Neutral Sentiment: The launch of a new “60 Minutes” era under Bari Weiss highlights competition for attention in premium news and commentary, but there is no evidence yet of a material effect on NYT subscriptions or advertising. The Bari Weiss Era of ‘60 Minutes’ Begins

About New York Times

The New York Times Company is a media organization best known for publishing The New York Times, a global newspaper and digital news platform. Its coverage spans politics, business, technology, culture, science, health, sports and other subjects, and is distributed through print editions, NYTimes.com, mobile applications and other digital products.

The company generates revenue primarily from digital and print subscriptions, advertising, licensing and related commercial activities. Its subscription products include The New York Times, Games, Cooking and Wirecutter, while The Athletic provides digital sports journalism.