The New York Times Company (NYSE:NYT) Holdings Boosted by Quest Partners LLC

Quest Partners LLC grew its holdings in The New York Times Company (NYSE:NYT) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,736 shares of the company’s stock after purchasing an additional 3,542 shares during the period. Quest Partners LLC’s holdings in New York Times were worth $2,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its position in New York Times by 356.4% during the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of New York Times by 129.4% in the second quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock worth $72,000 after acquiring an additional 792 shares during the last quarter. Signaturefd LLC raised its holdings in shares of New York Times by 34.2% during the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after acquiring an additional 432 shares in the last quarter. Blue Trust Inc. boosted its position in New York Times by 401.8% during the second quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock valued at $115,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Paladin Wealth LLC acquired a new stake in New York Times during the third quarter valued at $172,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Up 0.1 %

Shares of NYT stock opened at $52.52 on Tuesday. 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 market cap of $8.63 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. The stock has a 50 day moving average of $54.84 and a 200-day moving average of $52.80.

New York Times (NYSE:NYT) last released its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. The firm had revenue of $640.20 million during the quarter, compared to analysts’ expectations of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. As a group, equities analysts predict that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Barclays lifted their target price on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, New York Times presently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

New York Times 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.