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

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in The New York Times Company (NYSE:NYT) by 32.4% in the third quarter, Holdings Channel reports. The institutional investor owned 33,775 shares of the company’s stock after selling 16,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in New York Times were worth $1,939,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Focus Partners Advisor Solutions LLC purchased a new position in shares of New York Times in the 1st quarter valued at about $237,000. Advisors Asset Management Inc. increased its position in shares of New York Times by 145.1% in the first quarter. Advisors Asset Management Inc. now owns 18,095 shares of the company’s stock valued at $898,000 after buying an additional 10,712 shares in the last quarter. AQR Capital Management LLC increased its position in shares of New York Times by 101.6% in the first quarter. AQR Capital Management LLC now owns 2,351,100 shares of the company’s stock valued at $115,627,000 after buying an additional 1,184,729 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of New York Times by 37.4% during the 1st quarter. Alliancebernstein L.P. now owns 2,622,794 shares of the company’s stock worth $130,091,000 after buying an additional 714,317 shares during the period. Finally, Cinctive Capital Management LP purchased a new position in shares of New York Times during the 1st quarter valued at approximately $552,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about New York Times

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

• Positive Sentiment: College Football Playoff coverage — Deep previews and odds pieces around Indiana, Ole Miss, Oregon and Miami are high-engagement sports content that typically drives spikes in pageviews and subscriber interest around marquee events. College Football Playoff odds: Indiana emerges as title favorite ahead of semifinals
• Positive Sentiment: Rose Bowl / Heisman-driven coverage — Live reporting on Indiana’s rout of Alabama and the Heisman storyline (Fernando Mendoza) is likely to generate strong short-term traffic and subscription trials. Indiana routs Alabama 38-3 in Rose Bowl behind Heisman winner Fernando Mendoza: Live updates and reaction
• Positive Sentiment: Sugar Bowl shock / live updates — High-profile game coverage (Ole Miss shocking Georgia) similarly boosts real-time readership and social engagement. Ole Miss shocks Georgia in Sugar Bowl: Live updates and reaction to College Football Playoff game
• Positive Sentiment: Breaking-news live coverage — The ongoing live updates on a deadly New Year’s fire in Switzerland and other emergent stories drive homepage views and subscriptions, favoring NYT’s premium live-reporting model. Live Updates: Swiss Officials Seek Answers in Deadly New Year’s Fire
• Neutral Sentiment: International politics / conflict reporting — Coverage such as Yemen sending military against separatists and Ukraine leadership changes maintains steady engagement but is less likely to produce overnight subscription surges compared with sports or large breaking events. Yemen Sends Military to Push Out Separatist Faction
• Neutral Sentiment: Policy & health coverage — Pieces on rising Obamacare premiums and their consumer impact are important for long-term engagement among policy-interested readers but less directly tied to short-term ad or subscription spikes. With Obamacare’s Higher Premiums Come Difficult Decisions
• Neutral Sentiment: Feature and science reporting — Long-form science and culture pieces (drones identifying whale viruses, opinion on AI and self-driving cars) support brand value and subscriber retention but are not immediate catalysts for stock moves. In the Arctic, Drones Help Identify Deadly Virus in Whales

New York Times Trading Up 0.6%

NYT stock opened at $69.81 on Friday. The firm has a 50-day moving average of $64.82 and a two-hundred day moving average of $59.45. The New York Times Company has a 12 month low of $44.83 and a 12 month high of $71.23. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 1.51 and a beta of 1.12.

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

New York Times Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, January 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. New York Times’s dividend payout ratio is currently 35.12%.

Analyst Ratings Changes

A number of research firms have weighed in on NYT. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research report on Wednesday, October 8th. Citigroup raised their price target on shares of New York Times from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Evercore ISI reiterated an “outperform” rating 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 report on Monday, September 8th. Finally, Barclays lifted their price target on New York Times from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.71.

New York Times Company 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.