VIRGINIA RETIREMENT SYSTEMS ET Al Increases Stock Position in The New York Times Company $NYT

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in The New York Times Company (NYSE:NYT) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,525 shares of the company’s stock after purchasing an additional 8,750 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in New York Times were worth $2,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in New York Times by 4.6% in the third quarter. Wellington Management Group LLP now owns 4,769,973 shares of the company’s stock valued at $273,796,000 after acquiring an additional 209,616 shares in the last quarter. AQR Capital Management LLC raised its holdings in New York Times by 10.2% during the third quarter. AQR Capital Management LLC now owns 4,613,289 shares of the company’s stock worth $264,803,000 after purchasing an additional 425,401 shares in the last quarter. Two Sigma Investments LP raised its holdings in New York Times by 98.5% during the third quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock worth $117,993,000 after purchasing an additional 1,020,031 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of New York Times by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 1,692,846 shares of the company’s stock valued at $97,169,000 after acquiring an additional 4,782 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of New York Times by 11.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,588,187 shares of the company’s stock valued at $91,162,000 after acquiring an additional 164,928 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NYT shares. Citigroup lifted their price objective on shares of New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research report on Tuesday, April 21st. Argus raised New York Times to a “strong-buy” rating in a research note on Thursday, February 19th. Morgan Stanley set a $90.00 price target on New York Times in a research note on Thursday, May 7th. Finally, Evercore reissued an “outperform” rating and issued a $92.00 target price on shares of New York Times in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, New York Times has an average rating of “Moderate Buy” and a consensus price target of $80.78.

New York Times Stock Down 2.1%

Shares of NYSE:NYT opened at $75.39 on Friday. The New York Times Company has a 52-week low of $51.03 and a 52-week high of $87.10. The company has a 50 day moving average of $80.93 and a two-hundred day moving average of $72.88. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The company had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. During the same quarter last year, the company earned $0.41 earnings per share. New York Times’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that The New York Times Company will post 2.9 earnings per share for the current year.

Key Stories Impacting New York Times

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

• Positive Sentiment: Recent coverage from Zacks described The New York Times Company as a top long-term growth stock, reinforcing the bullish case for its subscription-driven business model. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Positive Sentiment: MarketBeat noted Berkshire Hathaway’s New York Times position, which may support investor confidence in NYT’s long-term value. How Berkshire’s New York Times Bet Looks Today
• Neutral Sentiment: The New York Times published several major news stories, including political, economic, and investigative reporting, but these are unlikely to move the stock by themselves unless they support readership or engagement trends. Two of the World’s Most Powerful Men Are About to Meet
• Neutral Sentiment: The company’s broad editorial output remains active across politics, business, and international news, which is generally more relevant to audience engagement than near-term earnings. In a City of Big Dreams, Many Young Adults See a Cloudy Future
• Negative Sentiment: EVP William Bardeen sold 4,121 shares at $77.85, a disclosure that may be viewed as a modest negative signal for NYT shares. SEC insider transaction filing

Insider Activity

In other New York Times news, Director David S. Perpich sold 9,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the sale, the director owned 28,469 shares of the company’s stock, valued at $2,193,821.14. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William Bardeen sold 4,121 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total transaction of $320,819.85. Following the completion of the sale, the executive vice president directly owned 14,560 shares of the company’s stock, valued at $1,133,496. This trade represents a 22.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,034 shares of company stock worth $3,228,729 over the last three months. Insiders own 1.90% of the company’s stock.

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.