American Century Companies Inc. Has $5.27 Million Stock Holdings in The New York Times Company (NYSE:NYT)

American Century Companies Inc. boosted its stake in The New York Times Company (NYSE:NYT) by 107.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,944 shares of the company’s stock after purchasing an additional 66,276 shares during the quarter. American Century Companies Inc. owned about 0.08% of New York Times worth $5,271,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Neo Ivy Capital Management grew its holdings in New York Times by 57.2% in the third quarter. Neo Ivy Capital Management now owns 38,088 shares of the company’s stock worth $1,569,000 after purchasing an additional 13,866 shares during the period. Graham Capital Management L.P. grew its holdings in shares of New York Times by 36.8% during the third quarter. Graham Capital Management L.P. now owns 97,011 shares of the company’s stock valued at $3,997,000 after buying an additional 26,106 shares during the last quarter. Creative Planning acquired a new position in shares of New York Times during the third quarter valued at about $208,000. Morgan Stanley grew its holdings in shares of New York Times by 18.2% during the third quarter. Morgan Stanley now owns 2,028,087 shares of the company’s stock valued at $83,557,000 after buying an additional 312,368 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of New York Times by 12.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 12,566 shares of the company’s stock valued at $518,000 after buying an additional 1,387 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David S. Perpich sold 3,014 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $44.03, for a total value of $132,706.42. Following the sale, the director now owns 20,813 shares of the company’s stock, valued at $916,396.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Diane Brayton sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $42.84, for a total value of $299,880.00. Following the sale, the executive vice president now owns 39,312 shares of the company’s stock, valued at $1,684,126.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David S. Perpich sold 3,014 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $44.03, for a total transaction of $132,706.42. Following the completion of the sale, the director now directly owns 20,813 shares in the company, valued at approximately $916,396.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,557 shares of company stock valued at $1,029,968. Company insiders own 2.00% of the company’s stock.

New York Times Price Performance

NYT opened at $44.07 on Thursday. The firm has a market capitalization of $7.23 billion, a P/E ratio of 31.71 and a beta of 1.02. The New York Times Company has a fifty-two week low of $35.06 and a fifty-two week high of $49.87. The company’s 50-day moving average is $45.07 and its 200 day moving average is $44.60.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.60 by $0.10. The business had revenue of $676.20 million for the quarter, compared to analyst estimates of $680.02 million. New York Times had a net margin of 9.58% and a return on equity of 16.48%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, equities research analysts expect that The New York Times Company will post 1.64 earnings per share for the current year.

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, April 2nd will be given a $0.13 dividend. This is a positive change from New York Times’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.52 annualized dividend and a yield of 1.18%. New York Times’s payout ratio is currently 31.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NYT shares. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Argus upgraded shares of New York Times from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, March 4th. Finally, Citigroup started coverage on shares of New York Times in a report on Tuesday, March 12th. They set a “buy” rating and a $52.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.67.

New York Times 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.