ExodusPoint Capital Management LP Invests $8.36 Million in The New York Times Company (NYSE:NYT)

ExodusPoint Capital Management LP bought a new stake in The New York Times Company (NYSE:NYT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 160,546 shares of the company’s stock, valued at approximately $8,356,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of New York Times by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company’s stock valued at $822,408,000 after acquiring an additional 63,856 shares in the last quarter. Wellington Management Group LLP raised its stake in New York Times by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 6,074,514 shares of the company’s stock valued at $338,168,000 after purchasing an additional 118,479 shares during the last quarter. State Street Corp lifted its holdings in New York Times by 0.7% in the 3rd quarter. State Street Corp now owns 4,785,844 shares of the company’s stock valued at $266,428,000 after purchasing an additional 32,905 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of New York Times by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company’s stock worth $210,084,000 after purchasing an additional 102,519 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of New York Times by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 3,376,517 shares of the company’s stock worth $175,748,000 after buying an additional 22,725 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

NYT has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. StockNews.com cut New York Times from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

New York Times Stock Down 2.5 %

Shares of NYT opened at $47.54 on Friday. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $58.16. The company’s fifty day moving average is $49.56 and its two-hundred day moving average is $52.57. The firm has a market cap of $7.76 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18.

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

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from New York Times’s previous quarterly dividend of $0.13. New York Times’s dividend payout ratio is 40.45%.

New York Times Company Profile

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.