Wedge Capital Management L L P NC Sells 7,571 Shares of The New York Times Company $NYT

Wedge Capital Management L L P NC lessened its holdings in shares of The New York Times Company (NYSE:NYT) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 497,675 shares of the company’s stock after selling 7,571 shares during the period. Wedge Capital Management L L P NC owned 0.31% of New York Times worth $34,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NYT. Figure 8 Investment Strategies LLC boosted its stake in New York Times by 1.7% during the third quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock worth $644,000 after acquiring an additional 185 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of New York Times by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,809 shares of the company’s stock worth $620,000 after purchasing an additional 207 shares in the last quarter. MAI Capital Management grew its stake in shares of New York Times by 7.2% in the 2nd quarter. MAI Capital Management now owns 3,516 shares of the company’s stock worth $197,000 after buying an additional 236 shares during the last quarter. Larson Financial Group LLC increased its position in New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 245 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in New York Times by 14.9% during the third quarter. Blue Trust Inc. now owns 2,032 shares of the company’s stock valued at $117,000 after buying an additional 263 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times News Summary

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

• Positive Sentiment: Analyst endorsements supporting near-term upside — Citigroup’s positive take and other bullish write-ups highlight NYT’s growth profile and could underpin the stock. New York Times (NYSE:NYT) Stock Price Expected to Rise, Citigroup Analyst Says
• Positive Sentiment: Third‑party research flags NYT as a top-ranked growth stock, reinforcing investor interest in subscription-driven digital media names. New York Times Co. (NYT) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: High-traffic editorial coverage (e.g., March Madness live updates and other sports/live events) can boost engagement and subscriptions seasonally; this content cadence supports recurring revenue but is not an immediate earnings surprise. Women’s March Madness Sweet 16 live updates: Vanderbilt-Notre Dame predictions, lastest news from NCAA Tournament
• Neutral Sentiment: Ongoing broad news coverage (politics, international events, sports) sustains traffic but also raises content costs; steady subscriber growth remains the key fundamental metric to watch in upcoming reports.
• Negative Sentiment: Market-wide selloff tied to the Iran war and energy-price shocks has pressured media and growth stocks generally; macro-driven volatility is likely the main driver of today’s modest share weakness. U.S. Stocks Have Their Biggest Drop Since Start of Iran War
• Negative Sentiment: Political uncertainty around federal funding (D.H.S. measures and House-Senate tensions) is creating short-term market noise; such uncertainty can dent ad spending and broader market sentiment. Senate Votes to Fund Most of D.H.S. in Bid to End Partial Shutdown

Insider Transactions at New York Times

In other New York Times news, Chairman Arthur G. Sulzberger sold 13,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the transaction, the chairman owned 172,338 shares of the company’s stock, valued at approximately $13,778,423.10. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Bardeen sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total value of $1,034,280.00. Following the completion of the transaction, the executive vice president directly owned 18,681 shares in the company, valued at $1,486,260.36. The trade was a 41.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,913 shares of company stock worth $2,214,369 in the last ninety days. Insiders own 1.90% of the company’s stock.

New York Times Stock Down 0.1%

Shares of NYT stock opened at $82.84 on Friday. The company has a 50 day moving average price of $76.23 and a 200-day moving average price of $67.33. The New York Times Company has a 52 week low of $44.83 and a 52 week high of $85.61. The firm has a market capitalization of $13.36 billion, a PE ratio of 39.64, a P/E/G ratio of 2.57 and a beta of 1.09.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The company had revenue of $802.31 million for the quarter, compared to the consensus estimate of $791.55 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st will be paid a $0.23 dividend. This is an increase from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.1%. New York Times’s dividend payout ratio (DPR) is 34.45%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded New York Times from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Argus upgraded shares of New York Times to a “strong-buy” rating in a research note on Thursday, February 19th. Morgan Stanley set a $68.00 target price on shares of New York Times in a research note on Thursday, December 18th. Evercore reissued an “outperform” rating on shares of New York Times in a research report on Thursday, February 5th. Finally, Citigroup upped their price objective on New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.86.

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.