Legal & General Group Plc grew its position in New York Times Co (NYSE:NYT) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,391 shares of the company’s stock after acquiring an additional 10,610 shares during the period. Legal & General Group Plc owned about 0.07% of New York Times worth $2,125,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of New York Times by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock worth $111,000 after buying an additional 673 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of New York Times by 6.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after buying an additional 429 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of New York Times by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock worth $183,000 after buying an additional 180 shares during the period. Sei Investments Co. boosted its holdings in shares of New York Times by 93.3% during the 2nd quarter. Sei Investments Co. now owns 10,341 shares of the company’s stock worth $183,000 after buying an additional 4,990 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of New York Times during the 3rd quarter worth about $192,000. 67.90% of the stock is owned by institutional investors and hedge funds.

Shares of New York Times Co (NYSE NYT) opened at $18.65 on Friday. New York Times Co has a 12 month low of $13.00 and a 12 month high of $20.15. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3,040.00, a PE ratio of 30.57 and a beta of 1.65.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. New York Times had a net margin of 6.02% and a return on equity of 13.46%. The business had revenue of $385.60 million during the quarter, compared to analysts’ expectations of $390.13 million. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s revenue was up 6.1% on a year-over-year basis. equities analysts expect that New York Times Co will post 0.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, January 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.86%. The ex-dividend date is Tuesday, January 9th. New York Times’s dividend payout ratio (DPR) is 26.23%.

Several brokerages recently commented on NYT. Zacks Investment Research raised shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, November 3rd. ValuEngine cut shares of New York Times from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Jefferies Group reiterated a “hold” rating and issued a $18.00 price objective on shares of New York Times in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.45.

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

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