Quantinno Capital Management LP Acquires 96,866 Shares of The New York Times Company $NYT

Quantinno Capital Management LP boosted its holdings in The New York Times Company (NYSE:NYT) by 65.7% in the first quarter, Holdings Channel reports. The institutional investor owned 244,364 shares of the company’s stock after acquiring an additional 96,866 shares during the quarter. Quantinno Capital Management LP’s holdings in New York Times were worth $20,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Berkshire Hathaway Inc purchased a new stake in shares of New York Times during the fourth quarter worth $351,664,000. Bank of Montreal Can grew its position in shares of New York Times by 10,018.3% in the fourth quarter. Bank of Montreal Can now owns 2,316,172 shares of the company’s stock valued at $160,789,000 after purchasing an additional 2,293,281 shares in the last quarter. AQR Capital Management LLC grew its position in shares of New York Times by 78.1% in the second quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock valued at $233,265,000 after purchasing an additional 1,836,788 shares in the last quarter. Egerton Capital UK LLP bought a new stake in shares of New York Times during the 4th quarter valued at $97,882,000. Finally, Two Sigma Investments LP lifted its holdings in New York Times by 98.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock worth $117,993,000 after purchasing an additional 1,020,031 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NYT. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research note on Friday, July 17th. Wall Street Zen upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays increased their price target on shares of New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. UBS Group set a $80.00 price objective on shares of New York Times in a research note on Wednesday, June 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of New York Times in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.22.

Insider Buying and Selling

In related news, Director David S. Perpich sold 9,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the transaction, the director owned 28,469 shares of the company’s stock, valued at $2,193,821.14. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacqueline M. Welch sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total value of $296,560.00. Following the sale, the executive vice president owned 23,873 shares in the company, valued at $1,769,944.22. The trade was a 14.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,121 shares of company stock worth $1,310,920. Corporate insiders own 1.90% of the company’s stock.

Key Stories Impacting New York Times

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

• Positive Sentiment: NYT is publishing extensive coverage of high-interest events, including the expanding Iran conflict, Russia’s attacks on Ukraine, migration into Spain’s Ceuta territory, U.S. politics and artificial-intelligence risks. Such breaking-news and explanatory coverage can support traffic, subscriptions and engagement, although the articles do not disclose a measurable financial impact. Iran War Live Updates
• Neutral Sentiment: The company’s broad mix of politics, international affairs, science, culture and lifestyle journalism reinforces the value of its subscription bundle. However, the supplied articles contain no new subscriber, advertising or guidance figures, limiting their immediate importance for valuation.
• Neutral Sentiment: Coverage of rising artificial-intelligence spending and an possible venture-capital bubble highlights both the opportunity and uncertainty facing digital media companies. AI could improve products and efficiency, but it may also intensify competition for audience attention and increase technology costs. In Silicon Valley, Some Say an A.I. Bubble Would Be Just Fine
• Negative Sentiment: The report that the economy is slowing is a potential concern for advertising demand, even though NYT’s subscription-led model may reduce its exposure relative to traditional broadcasters and newspapers. The Economy Slows
• Negative Sentiment: ABC’s formal dispute with the F.C.C. over television-license reviews underscores heightened regulatory and political pressure on U.S. media companies. The issue does not directly involve NYT, but it may contribute to a more cautious media-sector trading environment. ABC Formally Rebukes F.C.C. for Review of TV Licenses

New York Times Price Performance

Shares of New York Times stock opened at $74.91 on Friday. The New York Times Company has a 1 year low of $51.03 and a 1 year high of $87.10. The firm has a market cap of $12.12 billion, a PE ratio of 32.15, a PEG ratio of 1.55 and a beta of 0.96. The company has a 50 day simple moving average of $73.86 and a two-hundred day simple moving average of $76.21.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, research analysts anticipate that The New York Times Company will post 2.93 earnings per share for the current year.

New York Times Announces Dividend

The business also recently announced 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 yield of 1.2%. New York Times’s payout ratio is 39.48%.

New York Times Company 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.