Renaissance Group LLC Takes $377,000 Position in New York Times Co (NYT)

Renaissance Group LLC acquired a new position in shares of New York Times Co (NYSE:NYT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 20,389 shares of the company’s stock, valued at approximately $377,000.

A number of other large investors have also recently bought and sold shares of NYT. Wells Fargo & Company MN increased its stake in New York Times by 9.0% during the 2nd quarter. Wells Fargo & Company MN now owns 101,181 shares of the company’s stock worth $1,791,000 after buying an additional 8,322 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in New York Times by 6.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after buying an additional 429 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in New York Times by 7.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 24,650 shares of the company’s stock worth $436,000 after buying an additional 1,720 shares in the last quarter. New York State Common Retirement Fund increased its stake in New York Times by 11.6% during the 2nd quarter. New York State Common Retirement Fund now owns 218,835 shares of the company’s stock worth $3,873,000 after buying an additional 22,682 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in New York Times by 3.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 75,815 shares of the company’s stock worth $1,342,000 after buying an additional 2,652 shares in the last quarter. Institutional investors own 67.71% of the company’s stock.

NYT has been the subject of several research reports. Jefferies Group reiterated a “hold” rating and set a $18.00 price objective on shares of New York Times in a research note on Monday, October 16th. Zacks Investment Research upgraded New York Times from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, November 3rd. Finally, ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.00.

New York Times Co (NYSE NYT) opened at $24.10 on Friday. The firm has a market capitalization of $3,907.98, a P/E ratio of 29.75 and a beta of 1.85. New York Times Co has a twelve month low of $14.08 and a twelve month high of $25.70. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.04 per share. 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 is currently 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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