ETRADE Capital Management LLC increased its position in shares of New York Times Co (NYSE:NYT) by 15.1% during the first quarter, Holdings Channel reports. The institutional investor owned 28,694 shares of the company’s stock after purchasing an additional 3,766 shares during the period. ETRADE Capital Management LLC’s holdings in New York Times were worth $881,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of NYT. Clean Yield Group acquired a new position in New York Times during the 1st quarter worth approximately $34,000. Chevy Chase Trust Holdings Inc. acquired a new position in New York Times during the 4th quarter worth approximately $78,000. IFP Advisors Inc raised its stake in New York Times by 26.0% during the 4th quarter. IFP Advisors Inc now owns 2,747 shares of the company’s stock worth $88,000 after buying an additional 566 shares during the period. Private Capital Group LLC raised its stake in New York Times by 19.6% during the 1st quarter. Private Capital Group LLC now owns 3,320 shares of the company’s stock worth $102,000 after buying an additional 543 shares during the period. Finally, Fifth Third Bancorp raised its stake in New York Times by 16.2% during the 1st quarter. Fifth Third Bancorp now owns 3,465 shares of the company’s stock worth $106,000 after buying an additional 483 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on NYT. Cfra raised New York Times from a “hold” rating to a “buy” rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on New York Times from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Barclays reissued a “sell” rating and issued a $20.00 price objective on shares of New York Times in a research note on Friday, April 17th. Finally, ValuEngine downgraded New York Times from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.92.
Shares of New York Times stock opened at $38.18 on Friday. The company has a market cap of $6.36 billion, a PE ratio of 42.90 and a beta of 0.86. New York Times Co has a 52 week low of $26.13 and a 52 week high of $40.22. The business has a 50 day moving average price of $32.67 and a 200-day moving average price of $33.24.
New York Times (NYSE:NYT) last released its earnings results on Wednesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $443.60 million during the quarter, compared to analyst estimates of $438.88 million. New York Times had a return on equity of 12.98% and a net margin of 7.85%. New York Times’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. Equities analysts expect that New York Times Co will post 0.75 EPS for the current fiscal year.
About New York Times
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.
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