Quantinno Capital Management LP boosted its stake in shares of The New York Times Company (NYSE:NYT - Free Report) by 50.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 70,689 shares of the company's stock after acquiring an additional 23,796 shares during the period. Quantinno Capital Management LP's holdings in New York Times were worth $3,935,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its position in shares of New York Times by 10.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 66,692 shares of the company's stock valued at $3,713,000 after buying an additional 6,418 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of New York Times by 49.2% in the third quarter. Janus Henderson Group PLC now owns 172,986 shares of the company's stock valued at $9,630,000 after buying an additional 57,038 shares during the last quarter. Centiva Capital LP raised its position in shares of New York Times by 71.6% in the third quarter. Centiva Capital LP now owns 22,720 shares of the company's stock valued at $1,265,000 after buying an additional 9,479 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of New York Times in the third quarter valued at about $6,561,000. Finally, Verition Fund Management LLC raised its position in shares of New York Times by 145.8% in the third quarter. Verition Fund Management LLC now owns 47,295 shares of the company's stock valued at $2,633,000 after buying an additional 28,055 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYT opened at $56.23 on Monday. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $57.08. The firm has a 50-day moving average price of $54.78 and a 200 day moving average price of $53.47. The firm has a market capitalization of $9.22 billion, a P/E ratio of 33.27, a P/E/G ratio of 1.73 and a beta of 1.00.
New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.04. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. New York Times's quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts predict that The New York Times Company will post 1.84 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, October 9th. New York Times's dividend payout ratio (DPR) is presently 30.77%.
A number of brokerages have recently commented on NYT. Deutsche Bank Aktiengesellschaft increased their target price on shares of New York Times from $65.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of New York Times from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.83.
View Our Latest Stock Analysis on NYT
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.
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