GSA Capital Partners LLP Invests $878,000 in The New York Times Company $NYT

GSA Capital Partners LLP purchased a new stake in The New York Times Company (NYSE:NYT) during the third quarter, Holdings Channel reports. The institutional investor purchased 15,298 shares of the company’s stock, valued at approximately $878,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Employees Retirement System of Texas bought a new stake in shares of New York Times in the 2nd quarter valued at $28,000. Hantz Financial Services Inc. lifted its stake in New York Times by 4,591.7% in the second quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 551 shares in the last quarter. True Wealth Design LLC lifted its position in New York Times by 519.6% in the 2nd quarter. True Wealth Design LLC now owns 570 shares of the company’s stock valued at $32,000 after acquiring an additional 478 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in New York Times by 86.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock worth $40,000 after purchasing an additional 330 shares during the period. Finally, Whittier Trust Co. bought a new position in New York Times during the 3rd quarter worth about $42,000. Institutional investors own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NYT. Argus upgraded New York Times to a “strong-buy” rating in a report on Thursday. Morgan Stanley set a $68.00 price objective on shares of New York Times in a report on Thursday, December 18th. Citigroup cut their price target on shares of New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Barclays lifted their target price on New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Finally, Guggenheim set a $63.00 price target on New York Times and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.43.

New York Times Trading Up 3.3%

NYSE:NYT opened at $77.98 on Friday. The stock has a 50 day simple moving average of $71.21 and a 200 day simple moving average of $63.66. The stock has a market cap of $12.66 billion, a P/E 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.

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

New York Times Increases Dividend

The company 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 dividend of $0.23 per share. This is a positive change from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, April 1st. New York Times’s dividend payout ratio (DPR) is currently 44.02%.

Key New York Times News

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.

Insider Transactions at New York Times

In other New York Times news, CAO R Anthony Benten sold 1,913 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total value of $140,739.41. Following the transaction, the chief accounting officer directly owned 37,772 shares of the company’s stock, valued at $2,778,886.04. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

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.