Fairpointe Capital LLC lessened its stake in shares of New York Times Co (NYSE:NYT) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,506,122 shares of the company’s stock after selling 2,032 shares during the quarter. New York Times comprises about 3.0% of Fairpointe Capital LLC’s investment portfolio, making the stock its 11th biggest position. Fairpointe Capital LLC owned about 5.25% of New York Times worth $157,363,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the business. Brown Advisory Inc. boosted its holdings in shares of New York Times by 4.0% during the fourth quarter. Brown Advisory Inc. now owns 58,792 shares of the company’s stock worth $1,088,000 after purchasing an additional 2,252 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of New York Times by 23.3% during the fourth quarter. LS Investment Advisors LLC now owns 11,957 shares of the company’s stock worth $221,000 after purchasing an additional 2,257 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of New York Times by 37.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock worth $160,000 after purchasing an additional 2,333 shares during the last quarter. Strs Ohio boosted its holdings in shares of New York Times by 4.2% during the fourth quarter. Strs Ohio now owns 68,900 shares of the company’s stock worth $1,274,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Parametrica Management Ltd boosted its holdings in shares of New York Times by 14.7% during the fourth quarter. Parametrica Management Ltd now owns 25,260 shares of the company’s stock worth $467,000 after purchasing an additional 3,228 shares during the last quarter. Hedge funds and other institutional investors own 72.15% of the company’s stock.
In related news, SVP R Anthony Benten sold 7,875 shares of New York Times stock in a transaction on Friday, March 9th. The stock was sold at an average price of $24.73, for a total value of $194,748.75. Following the transaction, the senior vice president now owns 47,781 shares in the company, valued at $1,181,624.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Doreen A. Toben sold 8,000 shares of New York Times stock in a transaction on Monday, February 12th. The shares were sold at an average price of $23.99, for a total value of $191,920.00. Following the completion of the transaction, the director now owns 25,342 shares in the company, valued at approximately $607,954.58. The disclosure for this sale can be found here. Insiders sold 406,164 shares of company stock worth $10,001,239 in the last quarter. 5.20% of the stock is owned by insiders.
Shares of New York Times stock opened at $23.95 on Monday. New York Times Co has a fifty-two week low of $14.08 and a fifty-two week high of $25.70. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3,947.44, a price-to-earnings ratio of 1,197.50, a PEG ratio of 2.06 and a beta of 1.74.
New York Times (NYSE:NYT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.09. New York Times had a return on equity of 14.84% and a net margin of 0.26%. The business had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $467.30 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. research analysts expect that New York Times Co will post 0.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Wednesday, April 4th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, April 3rd. New York Times’s payout ratio is currently 800.00%.
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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.
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