15,298 Shares in The New York Times Company $NYT Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in The New York Times Company (NYSE:NYT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,298 shares of the company’s stock, valued at approximately $878,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NYT. Figure 8 Investment Strategies LLC boosted its position in shares of New York Times by 1.7% in the 3rd quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock valued at $644,000 after purchasing an additional 185 shares during the period. MAI Capital Management lifted its holdings in shares of New York Times by 7.2% during the 2nd quarter. MAI Capital Management now owns 3,516 shares of the company’s stock valued at $197,000 after buying an additional 236 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of New York Times by 3.5% during the 2nd quarter. ProShare Advisors LLC now owns 7,195 shares of the company’s stock valued at $403,000 after buying an additional 243 shares during the last quarter. Blue Trust Inc. grew its stake in shares of New York Times by 14.9% in the 3rd quarter. Blue Trust Inc. now owns 2,032 shares of the company’s stock valued at $117,000 after buying an additional 263 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in New York Times by 49.4% in the third quarter. Hantz Financial Services Inc. now owns 841 shares of the company’s stock worth $48,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Insider Buying and Selling

In other New York Times news, CAO R Anthony Benten sold 1,913 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total transaction of $140,739.41. Following the transaction, the chief accounting officer directly owned 37,772 shares in the company, valued at approximately $2,778,886.04. This represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Trending Headlines about New York Times

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

• Positive Sentiment: Argus upgraded NYT to a “strong?buy,” a fresh buy?side signal that can attract momentum investors and improve sentiment. Read More.
• Positive Sentiment: Institutional demand — disclosures show large fourth?quarter buys (including a new Berkshire Hathaway position), which investors view as validation from major long?term holders and supports higher share prices. Read More.
• Positive Sentiment: Dividend raise — NYT boosted its quarterly dividend to $0.23 (from $0.18), a yield lift and income signal that can appeal to dividend?seeking investors; ex?dividend date set for April 1. Read More.
• Positive Sentiment: Recent fundamentals — the Feb. 4 quarter beat on EPS and showed ~10% revenue growth, reinforcing the narrative that subscriptions and digital ad recovery are supporting growth. Read More.
• Neutral Sentiment: Analyst positioning is mixed — some firms raised targets or ratings while others trimmed them; consensus remains a moderate buy, so upside may be bounded by varied Street views.
• Neutral Sentiment: Broad market backdrop — equity markets are showing mixed signals today, which can amplify or dampen NYT’s move depending on overall risk appetite. Read More.
• Negative Sentiment: Cost and margin concerns — a Seeking Alpha piece warns that rising costs for legacy media could pressure margins as NYT invests in journalism and product, a narrative that can limit multiple expansion. Read More.
• Negative Sentiment: Insider sale — CAO R. Anthony Benten sold 1,913 shares (filed with the SEC), a modest insider reduction that some investors watch as a negative signal despite his continued large holding. Read More.

New York Times Trading Up 3.3%

NYSE NYT opened at $77.98 on Friday. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.33 and a beta of 1.11. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $78.25. The company has a 50 day moving average of $71.21 and a 200-day moving average of $63.66.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. New York Times had a return on equity of 21.02% and a net margin of 12.18%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Wednesday, April 1st will be given a $0.23 dividend. This is a boost from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, April 1st. This represents a $0.92 annualized dividend and a yield of 1.2%. New York Times’s dividend payout ratio is presently 44.02%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Guggenheim set a $63.00 price target on New York Times and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research report on Thursday, January 22nd. UBS Group set a $62.00 price target on shares of New York Times in a report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price objective on New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Evercore reiterated an “outperform” rating on shares of New York Times in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.43.

New York Times Profile

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.