New York Times Co (NYSE:NYT) Shares Bought by Paloma Partners Management Co

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Paloma Partners Management Co raised its stake in New York Times Co (NYSE:NYT) by 975.1% in the second quarter, HoldingsChannel.com reports. The fund owned 321,494 shares of the company’s stock after buying an additional 291,590 shares during the quarter. Paloma Partners Management Co’s holdings in New York Times were worth $10,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. State Treasurer State of Michigan boosted its stake in New York Times by 0.6% in the first quarter. State Treasurer State of Michigan now owns 50,600 shares of the company’s stock valued at $1,662,000 after acquiring an additional 300 shares during the period. Commonwealth Equity Services LLC boosted its stake in New York Times by 3.6% in the second quarter. Commonwealth Equity Services LLC now owns 8,633 shares of the company’s stock valued at $281,000 after acquiring an additional 300 shares during the period. Prudential Financial Inc. boosted its stake in New York Times by 0.5% in the second quarter. Prudential Financial Inc. now owns 88,982 shares of the company’s stock valued at $2,903,000 after acquiring an additional 401 shares during the period. Waverton Investment Management Ltd boosted its stake in New York Times by 1.9% in the second quarter. Waverton Investment Management Ltd now owns 24,605 shares of the company’s stock valued at $803,000 after acquiring an additional 454 shares during the period. Finally, MetLife Investment Advisors LLC boosted its stake in New York Times by 0.3% in the first quarter. MetLife Investment Advisors LLC now owns 144,582 shares of the company’s stock valued at $4,750,000 after acquiring an additional 479 shares during the period. Institutional investors own 91.12% of the company’s stock.

Shares of NYSE NYT traded down $0.66 during midday trading on Thursday, hitting $28.58. 69,893 shares of the company’s stock were exchanged, compared to its average volume of 1,304,769. The stock’s 50 day moving average price is $30.21 and its 200-day moving average price is $32.79. The firm has a market cap of $4.85 billion, a P/E ratio of 35.28 and a beta of 1.20. New York Times Co has a twelve month low of $21.34 and a twelve month high of $36.25.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $436.30 million during the quarter, compared to the consensus estimate of $439.20 million. New York Times had a return on equity of 13.40% and a net margin of 7.55%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. As a group, equities research analysts predict that New York Times Co will post 0.81 earnings per share for the current fiscal year.

NYT has been the subject of a number of research reports. Evercore ISI set a $38.00 target price on New York Times and gave the company a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded New York Times from a “sell” rating to a “hold” rating and set a $32.00 target price for the company in a research note on Wednesday, September 11th. Finally, ValuEngine downgraded New York Times from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. New York Times presently has a consensus rating of “Buy” and a consensus target price of $32.20.

New York Times Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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

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