10,387 Shares in The New York Times Company (NYSE:NYT) Acquired by Voleon Capital Management LP

Voleon Capital Management LP bought a new position in shares of The New York Times Company (NYSE:NYT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,387 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in New York Times by 113.2% in the 3rd quarter. Barclays PLC now owns 123,256 shares of the company’s stock valued at $6,862,000 after buying an additional 65,438 shares during the last quarter. Tidal Investments LLC boosted its holdings in New York Times by 17.4% during the third quarter. Tidal Investments LLC now owns 20,715 shares of the company’s stock valued at $1,153,000 after acquiring an additional 3,071 shares during the period. Franklin Resources Inc. grew its position in shares of New York Times by 1.5% in the third quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company’s stock valued at $187,544,000 after purchasing an additional 49,853 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of New York Times by 34.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 7,441 shares of the company’s stock worth $414,000 after purchasing an additional 1,890 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of New York Times by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 467,028 shares of the company’s stock worth $25,999,000 after purchasing an additional 53,839 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

NYT has been the subject of several recent analyst reports. StockNews.com upgraded New York Times from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and an average price target of $56.00.

New York Times Stock Down 0.6 %

Shares of NYT opened at $51.74 on Friday. The stock’s 50-day moving average price is $48.77 and its 200 day moving average price is $51.72. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.75 and a beta of 1.10. The New York Times Company has a 12-month low of $43.33 and a 12-month high of $58.16.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, February 5th. The company reported $0.80 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%. Equities research analysts expect that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.18 per share. This is a positive change from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, April 1st. New York Times’s 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.