New York Times Co (NYSE:NYT) COO Levien Meredith A. Kopit sold 22,323 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $25.45, for a total value of $568,120.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
New York Times Co (NYSE NYT) opened at $24.75 on Wednesday. New York Times Co has a one year low of $14.08 and a one year high of $25.70. The company has a market capitalization of $4,110.68, a P/E ratio of 31.30, a P/E/G ratio of 2.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 1.83.
New York Times (NYSE:NYT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. New York Times had a return on equity of 14.89% and a net margin of 0.26%. The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $467.30 million. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. equities analysts anticipate that New York Times Co will post 0.87 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in New York Times by 6.9% during the second quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $118,000 after buying an additional 429 shares during the last quarter. Brown Advisory Inc. boosted its stake in New York Times by 4.0% during the fourth quarter. Brown Advisory Inc. now owns 58,792 shares of the company’s stock valued at $1,088,000 after buying an additional 2,252 shares during the last quarter. LS Investment Advisors LLC boosted its stake in New York Times by 23.3% during the fourth quarter. LS Investment Advisors LLC now owns 11,957 shares of the company’s stock valued at $221,000 after buying an additional 2,257 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in New York Times by 37.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock valued at $160,000 after buying an additional 2,333 shares during the last quarter. Finally, Strs Ohio boosted its stake in New York Times by 4.2% during the fourth quarter. Strs Ohio now owns 68,900 shares of the company’s stock valued at $1,274,000 after buying an additional 2,800 shares during the last quarter. 66.84% of the stock is owned by institutional investors.
A number of equities analysts have recently weighed in on the company. Barclays set a $20.00 price objective on New York Times and gave the stock a “hold” rating in a research note on Sunday, February 11th. Zacks Investment Research raised New York Times from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, January 31st. Finally, ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $21.33.
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About New York Times
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
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