First Trust Advisors LP raised its stake in New York Times Co (NYSE:NYT) by 456.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,536 shares of the company’s stock after purchasing an additional 158,729 shares during the quarter. First Trust Advisors LP’s holdings in New York Times were worth $3,580,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in New York Times by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 3,670,097 shares of the company’s stock valued at $71,933,000 after purchasing an additional 19,102 shares during the period. Granite Investment Partners LLC raised its position in New York Times by 6.3% in the third quarter. Granite Investment Partners LLC now owns 1,063,911 shares of the company’s stock valued at $20,853,000 after purchasing an additional 62,676 shares during the period. Schwab Charles Investment Management Inc. raised its position in New York Times by 0.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 807,616 shares of the company’s stock valued at $14,941,000 after purchasing an additional 5,774 shares during the period. Principal Financial Group Inc. raised its position in New York Times by 2.8% in the third quarter. Principal Financial Group Inc. now owns 547,718 shares of the company’s stock valued at $10,736,000 after purchasing an additional 14,685 shares during the period. Finally, JPMorgan Chase & Co. raised its position in New York Times by 247.9% in the third quarter. JPMorgan Chase & Co. now owns 539,700 shares of the company’s stock valued at $10,606,000 after purchasing an additional 384,565 shares during the period. 72.15% of the stock is currently owned by institutional investors.
Several research analysts have commented on NYT shares. Zacks Investment Research lowered New York Times from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Barclays set a $20.00 price objective on New York Times and gave the company a “hold” rating in a research report on Sunday, February 11th.
Shares of New York Times Co (NYT) opened at $24.75 on Monday. New York Times Co has a 52-week low of $14.08 and a 52-week high of $25.70. The stock has a market capitalization of $4,079.29, a PE ratio of 30.56, a PEG ratio of 2.19 and a beta of 1.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 1.80.
New York Times (NYSE:NYT) last announced its earnings results on Thursday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09. New York Times had a return on equity of 14.84% and a net margin of 0.26%. The business had revenue of $484.00 million for the quarter, compared to analyst estimates of $467.30 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. research analysts predict that New York Times Co will post 0.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Tuesday, April 3rd. New York Times’s payout ratio is 800.00%.
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New York Times Company Profile
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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