ValuEngine downgraded shares of New York Times (NYSE:NYT) from a buy rating to a hold rating in a report published on Friday.

A number of other research analysts have also recently issued reports on NYT. Jefferies Group reiterated a hold rating and issued a $18.00 target price on shares of New York Times in a research report on Monday, October 16th. Zacks Investment Research lowered New York Times from a buy rating to a hold rating in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $15.45.

Shares of New York Times (NYT) traded down $0.15 during midday trading on Friday, hitting $18.65. The company had a trading volume of 845,857 shares, compared to its average volume of 1,280,000. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. New York Times has a 52 week low of $12.65 and a 52 week high of $20.15. The company has a market capitalization of $3,020.00, a PE ratio of 26.11 and a beta of 1.67.

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

Several institutional investors have recently bought and sold shares of NYT. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in New York Times by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock valued at $111,000 after buying an additional 673 shares during the period. PNC Financial Services Group Inc. lifted its stake in New York Times by 6.9% in the second quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $118,000 after buying an additional 429 shares during the period. LS Investment Advisors LLC lifted its stake in New York Times by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,767 shares of the company’s stock valued at $173,000 after buying an additional 1,452 shares during the period. Macquarie Group Ltd. acquired a new position in New York Times in the third quarter valued at approximately $192,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of New York Times 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 acquiring an additional 180 shares in the last quarter. 67.92% of the stock is currently owned by institutional investors.

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About New York Times

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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