Laurion Capital Management LP acquired a new position in shares of New York Times Company (The) (NYSE:NYT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,500 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in New York Times Company (The) by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock worth $111,000 after purchasing an additional 673 shares during the period. Envestnet Asset Management Inc. increased its stake in New York Times Company (The) by 384.2% during the first quarter. Envestnet Asset Management Inc. now owns 7,800 shares of the company’s stock valued at $112,000 after purchasing an additional 6,189 shares during the last quarter. LS Investment Advisors LLC increased its stake in New York Times Company (The) by 17.5% during the second quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock valued at $173,000 after purchasing an additional 1,452 shares during the last quarter. Teacher Retirement System of Texas increased its stake in New York Times Company (The) by 1.8% during the second quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock valued at $183,000 after purchasing an additional 180 shares during the last quarter. Finally, Sei Investments Co. increased its stake in New York Times Company (The) by 93.3% during the second quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock valued at $183,000 after purchasing an additional 4,990 shares during the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

A number of brokerages have weighed in on NYT. Zacks Investment Research cut shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Barclays PLC raised their price target on shares of New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.20.

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New York Times Company (NYT) opened at 20.00 on Wednesday. The stock’s 50 day moving average price is $18.93 and its 200 day moving average price is $17.33. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 50.89 and a beta of 1.78. New York Times Company has a 12-month low of $10.60 and a 12-month high of $20.15.

New York Times Company (The) (NYSE:NYT) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $407.10 million during the quarter, compared to the consensus estimate of $393.07 million. New York Times Company (The) had a net margin of 4.12% and a return on equity of 12.76%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. On average, equities research analysts anticipate that New York Times Company will post $0.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.80%. New York Times Company (The)’s dividend payout ratio (DPR) is currently 40.00%.

In related news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $19.27, for a total value of $10,049,305.00. Following the completion of the transaction, the insider now owns 19,353,000 shares of the company’s stock, valued at $372,932,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James M. Follo sold 138,161 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the transaction, the chief financial officer now owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

About New York Times Company (The)

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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Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

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