New York Times (NYSE:NYT) EVP William Bardeen Sells 4,121 Shares

The New York Times Company (NYSE:NYT) EVP William Bardeen sold 4,121 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the transaction, the executive vice president owned 14,560 shares in the company, valued at approximately $1,133,496. This trade represents a 22.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

William Bardeen also recently made the following trade(s):

• On Tuesday, March 3rd, William Bardeen sold 13,000 shares of New York Times stock. The shares were sold at an average price of $79.56, for a total value of $1,034,280.00.

New York Times Price Performance

Shares of NYSE NYT opened at $75.39 on Friday. The stock’s fifty day moving average price is $80.93 and its two-hundred day moving average price is $72.88. The New York Times Company has a one year low of $51.03 and a one year high of $87.10. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 32.35, a P/E/G ratio of 1.61 and a beta of 0.98.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The company had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, equities analysts anticipate that The New York Times Company will post 2.9 earnings per share for the current fiscal year.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Recent coverage from Zacks described The New York Times Company as a top long-term growth stock, reinforcing the bullish case for its subscription-driven business model. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Positive Sentiment: MarketBeat noted Berkshire Hathaway’s New York Times position, which may support investor confidence in NYT’s long-term value. How Berkshire’s New York Times Bet Looks Today
• Neutral Sentiment: The New York Times published several major news stories, including political, economic, and investigative reporting, but these are unlikely to move the stock by themselves unless they support readership or engagement trends. Two of the World’s Most Powerful Men Are About to Meet
• Neutral Sentiment: The company’s broad editorial output remains active across politics, business, and international news, which is generally more relevant to audience engagement than near-term earnings. In a City of Big Dreams, Many Young Adults See a Cloudy Future
• Negative Sentiment: EVP William Bardeen sold 4,121 shares at $77.85, a disclosure that may be viewed as a modest negative signal for NYT shares. SEC insider transaction filing

Institutional Trading of New York Times

Several institutional investors and hedge funds have recently modified their holdings of NYT. Berkshire Hathaway Inc bought a new position in New York Times in the 4th quarter valued at approximately $351,664,000. Bank of Montreal Can grew its stake in New York Times by 10,018.3% during the fourth quarter. Bank of Montreal Can now owns 2,316,172 shares of the company’s stock worth $160,789,000 after purchasing an additional 2,293,281 shares during the period. AQR Capital Management LLC lifted its position in shares of New York Times by 78.1% during the 2nd quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock valued at $233,265,000 after acquiring an additional 1,836,788 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of New York Times in the 4th quarter valued at about $97,882,000. Finally, Two Sigma Investments LP increased its holdings in shares of New York Times by 98.5% during the third quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock valued at $117,993,000 after acquiring an additional 1,020,031 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NYT. Wall Street Zen upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Bank of America started coverage on New York Times in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $84.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $95.00 price objective on shares of New York Times in a research note on Thursday, May 7th. Finally, Citigroup lifted their price objective on New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, New York Times presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.78.

About New York Times

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.