XTX Topco Ltd Has $409,000 Position in The New York Times Company $NYT

XTX Topco Ltd lessened its holdings in The New York Times Company (NYSE:NYT) by 86.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,307 shares of the company’s stock after selling 47,239 shares during the period. XTX Topco Ltd’s holdings in New York Times were worth $409,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in New York Times by 4,591.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 551 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of New York Times by 519.6% in the 2nd quarter. True Wealth Design LLC now owns 570 shares of the company’s stock valued at $32,000 after purchasing an additional 478 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of New York Times by 86.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock worth $40,000 after purchasing an additional 330 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after purchasing an additional 739 shares during the period. Finally, Allworth Financial LP grew its position in New York Times by 405.4% during the second quarter. Allworth Financial LP now owns 1,021 shares of the company’s stock valued at $57,000 after purchasing an additional 819 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NYT shares. UBS Group set a $62.00 target price on shares of New York Times in a research note on Thursday, November 6th. Zacks Research cut New York Times from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Morgan Stanley boosted their target price on New York Times from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Evercore ISI reaffirmed an “outperform” rating on shares of New York Times in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.57.

New York Times Stock Up 1.2%

Shares of NYT stock opened at $64.80 on Friday. The New York Times Company has a 12 month low of $44.83 and a 12 month high of $65.36. The company has a market cap of $10.52 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The business’s 50 day moving average is $59.55 and its two-hundred day moving average is $57.60.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. New York Times had a net margin of 12.29% and a return on equity of 20.30%. The business had revenue of $700.82 million during the quarter, compared to analysts’ expectations of $692.01 million. During the same period in the previous year, the company earned $0.45 earnings per share. New York Times’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts expect that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th were paid a $0.18 dividend. The ex-dividend date was Wednesday, October 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. New York Times’s payout ratio is presently 35.12%.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.