The New York Times Company (NYSE:NYT) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP lifted its holdings in The New York Times Company (NYSE:NYT) by 149.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,303 shares of the company’s stock after purchasing an additional 214,620 shares during the period. Trexquant Investment LP’s holdings in New York Times were worth $18,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NYT. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in New York Times by 511.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company’s stock valued at $25,000 after buying an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in New York Times during the 4th quarter worth $36,000. UMB Bank n.a. raised its position in shares of New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after buying an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in New York Times by 20.2% during the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock worth $131,000 after acquiring an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley lowered their price objective on New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $56.00.

New York Times Trading Up 1.3 %

NYT stock opened at $49.64 on Tuesday. The business’s fifty day moving average price is $49.89 and its 200 day moving average price is $52.69. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The company has a market capitalization of $8.11 billion, a PE ratio of 27.89, a P/E/G ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. Research analysts predict that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. This is an increase from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. New York Times’s dividend payout ratio is 40.45%.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.