Acadian Asset Management LLC Sells 395,619 Shares of New York Times Co (NYSE:NYT)

Acadian Asset Management LLC cut its position in New York Times Co (NYSE:NYT) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,944,684 shares of the company’s stock after selling 395,619 shares during the period. Acadian Asset Management LLC owned 1.20% of New York Times worth $35,974,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of New York Times by 0.5% during the second quarter. BlackRock Inc. now owns 12,743,461 shares of the company’s stock worth $225,560,000 after purchasing an additional 62,237 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of New York Times by 6.4% during the second quarter. Vanguard Group Inc. now owns 11,034,212 shares of the company’s stock worth $195,306,000 after buying an additional 664,069 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of New York Times by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,248,409 shares of the company’s stock worth $92,898,000 after buying an additional 34,980 shares during the last quarter. State Street Corp raised its stake in shares of New York Times by 2.3% during the second quarter. State Street Corp now owns 4,112,961 shares of the company’s stock worth $72,796,000 after buying an additional 90,840 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of New York Times by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 3,670,097 shares of the company’s stock worth $71,933,000 after buying an additional 19,102 shares during the last quarter. Hedge funds and other institutional investors own 67.71% of the company’s stock.

NYT has been the subject of a number of recent research reports. Zacks Investment Research raised shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, November 3rd. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Jefferies Group reissued a “hold” rating and set a $18.00 price target on shares of New York Times in a research note on Monday, October 16th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $20.00.

Shares of New York Times Co (NYSE:NYT) traded down $0.30 during trading hours on Friday, reaching $24.10. 5,605,623 shares of the company’s stock traded hands, compared to its average volume of 3,088,778. The company has a market capitalization of $3,907.98, a P/E ratio of 1,205.00 and a beta of 1.85. New York Times Co has a 1 year low of $14.08 and a 1 year high of $25.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83.

New York Times (NYSE:NYT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.09. The company had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $467.30 million. New York Times had a net margin of 0.26% and a return on equity of 14.89%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. equities analysts forecast that New York Times Co will post 0.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Wednesday, January 10th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, January 9th. New York Times’s dividend payout ratio (DPR) is presently 800.00%.

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New York Times Company 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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