Russell Investments Group Ltd. Has $2.62 Million Holdings in New York Times Co (NYT)

Russell Investments Group Ltd. boosted its stake in shares of New York Times Co (NYSE:NYT) by 388.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,466 shares of the company’s stock after purchasing an additional 106,153 shares during the period. Russell Investments Group Ltd. owned about 0.08% of New York Times worth $2,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NYT. Great West Life Assurance Co. Can lifted its position in shares of New York Times by 15.3% in the second quarter. Great West Life Assurance Co. Can now owns 79,483 shares of the company’s stock valued at $1,402,000 after acquiring an additional 10,560 shares in the last quarter. Sei Investments Co. lifted its position in shares of New York Times by 146.1% in the third quarter. Sei Investments Co. now owns 25,445 shares of the company’s stock valued at $499,000 after acquiring an additional 15,104 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of New York Times in the second quarter valued at about $1,214,000. TIAA CREF Investment Management LLC lifted its position in shares of New York Times by 1.9% in the second quarter. TIAA CREF Investment Management LLC now owns 500,117 shares of the company’s stock valued at $8,852,000 after acquiring an additional 9,226 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of New York Times by 19.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 120,750 shares of the company’s stock valued at $2,367,000 after acquiring an additional 19,490 shares in the last quarter. Institutional investors own 67.90% of the company’s stock.

New York Times Co (NYT) traded up $0.20 during trading hours on Thursday, hitting $19.45. The company had a trading volume of 1,001,121 shares, compared to its average volume of 1,450,303. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3,160.00, a P/E ratio of 31.89 and a beta of 1.65. New York Times Co has a 12 month low of $13.00 and a 12 month high of $20.15.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, November 1st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $385.60 million for the quarter, compared to the consensus estimate of $390.13 million. New York Times had a return on equity of 13.46% and a net margin of 6.02%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. equities research analysts predict that New York Times Co will post 0.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.16 annualized dividend and a yield of 0.82%. New York Times’s payout ratio is currently 26.23%.

NYT has been the topic of several research analyst reports. Zacks Investment Research upgraded New York Times from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Friday, November 3rd. ValuEngine downgraded New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group reiterated a “hold” rating and issued a $18.00 target price on shares of New York Times in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $15.45.

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New York Times Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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