New York Times Company (The) (NYT) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. lowered its position in New York Times Company (The) (NYSE:NYT) by 22.2% during the first quarter, Holdings Channel reports. The institutional investor owned 701,370 shares of the company’s stock after selling 200,019 shares during the period. Ameriprise Financial Inc.’s holdings in New York Times Company (The) were worth $10,100,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in New York Times Company (The) during the fourth quarter worth about $19,709,000. Granite Investment Partners LLC bought a new position in New York Times Company (The) during the first quarter worth about $11,490,000. Renaissance Technologies LLC raised its position in New York Times Company (The) by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,384,400 shares of the company’s stock worth $18,413,000 after buying an additional 189,800 shares in the last quarter. Dimensional Fund Advisors LP raised its position in New York Times Company (The) by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,073,666 shares of the company’s stock worth $67,480,000 after buying an additional 163,490 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in New York Times Company (The) by 138.2% in the fourth quarter. Two Sigma Investments LP now owns 136,843 shares of the company’s stock worth $1,820,000 after buying an additional 79,404 shares in the last quarter. 63.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of New York Times Company (NYSE:NYT) opened at 17.70 on Friday. The firm has a 50-day moving average price of $17.07 and a 200-day moving average price of $14.89. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 58.03 and a beta of 1.86. New York Times Company has a one year low of $10.60 and a one year high of $18.00.
New York Times Company (The) (NYSE:NYT) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $398.80 million for the quarter, compared to analyst estimates of $381.62 million. New York Times Company (The) had a net margin of 3.21% and a return on equity of 11.53%. New York Times Company (The)’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Analysts anticipate that New York Times Company will post $0.64 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on NYT shares. Zacks Investment Research raised New York Times Company (The) from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Friday, May 5th. TheStreet raised New York Times Company (The) from a “c+” rating to a “b” rating in a report on Thursday, March 9th. Finally, Jefferies Group LLC raised their price target on New York Times Company (The) from $12.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. New York Times Company (The) presently has an average rating of “Hold” and a consensus price target of $13.93.
In other New York Times Company (The) news, SVP R Anthony Benten sold 13,200 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $17.59, for a total value of $232,188.00. Following the sale, the senior vice president now owns 49,376 shares in the company, valued at $868,523.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is owned by corporate insiders.
New York Times Company (The) 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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