Boston Family Office LLC maintained its stake in shares of The New York Times Co. (NYSE:NYT) during the third quarter, Holdings Channel reports. The fund owned 31,000 shares of the company’s stock at the end of the third quarter. Boston Family Office LLC’s holdings in The New York Times were worth $370,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NYT. Advance Capital I Inc. bought a new stake in shares of The New York Times during the second quarter valued at approximately $189,000. Retirement Systems of Alabama raised its position in The New York Times by 0.5% in the second quarter. Retirement Systems of Alabama now owns 159,034 shares of the company’s stock worth $1,924,000 after buying an additional 780 shares in the last quarter. SG Americas Securities LLC raised its position in The New York Times by 292.1% in the second quarter. SG Americas Securities LLC now owns 186,314 shares of the company’s stock worth $2,254,000 after buying an additional 138,797 shares in the last quarter. HBK Investments L P acquired a new position in The New York Times during the first quarter worth approximately $281,000. Finally, Capital Fund Management S.A. acquired a new position in The New York Times during the second quarter worth approximately $2,379,000. Hedge funds and other institutional investors own 64.08% of the company’s stock.
Shares of The New York Times Co. (NYSE:NYT) remained flat at $12.85 on Friday. The stock had a trading volume of 245,202 shares. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 47.77 and a beta of 1.39. The New York Times Co. has a 12 month low of $10.60 and a 12 month high of $14.27. The firm has a 50 day moving average price of $11.66 and a 200 day moving average price of $12.22.
The New York Times (NYSE:NYT) last announced its earnings results on Wednesday, November 2nd. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The business earned $363.50 million during the quarter, compared to the consensus estimate of $365 million. The New York Times had a net margin of 2.80% and a return on equity of 13.28%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, equities analysts anticipate that The New York Times Co. will post $0.50 EPS for the current year.
NYT has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of The New York Times from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Jefferies Group restated a “hold” rating and issued a $13.00 price objective on shares of The New York Times in a research note on Wednesday, September 28th. Finally, TheStreet upgraded shares of The New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.13.
About The New York Times
The New York Times Company is a media organization focused on creating, collecting and distributing news and information. The Company includes newspapers, digital businesses and investments. Its businesses include newspapers, such as The New York Times; the International New York Times (INYT), the international edition of The Times; Websites, including NYTimes.com and international.nytimes.com; mobile applications, including The Times’s news applications, as well as interest-specific applications, such as NYT Cooking, Crossword and others, and related businesses, such as The Times news services division, digital archive distribution, NYT Live, and other products and services under The Times brand.