160,546 Shares in The New York Times Company (NYSE:NYT) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in The New York Times Company (NYSE:NYT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 160,546 shares of the company’s stock, valued at approximately $8,356,000. ExodusPoint Capital Management LP owned 0.10% of New York Times as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in NYT. Coldstream Capital Management Inc. increased its position in New York Times by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after acquiring an additional 193 shares during the period. Brown Financial Advisors increased its holdings in shares of New York Times by 2.3% in the fourth quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock valued at $468,000 after purchasing an additional 200 shares during the period. IFP Advisors Inc raised its stake in shares of New York Times by 0.7% during the fourth quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock worth $1,789,000 after purchasing an additional 224 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of New York Times by 1.2% during the fourth quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock worth $999,000 after purchasing an additional 228 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in New York Times by 27.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after buying an additional 247 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com cut shares of New York Times from a “buy” rating to a “hold” rating in a research note on Thursday. 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 report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $56.00.

New York Times Stock Down 2.5 %

Shares of NYSE NYT opened at $47.54 on Friday. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The New York Times Company has a 52 week low of $41.55 and a 52 week high of $58.16. The firm has a 50-day moving average price of $49.56 and a 200 day moving average price of $52.57.

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 net margin of 11.36% and a return on equity of 18.51%. Equities research analysts expect that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be issued a $0.18 dividend. This is a positive change 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 yield of 1.51%. 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.