Woodline Partners LP Purchases 73,732 Shares of The New York Times Company (NYSE:NYT)

Woodline Partners LP increased its position in shares of The New York Times Company (NYSE:NYT) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 431,497 shares of the company’s stock after acquiring an additional 73,732 shares during the period. Woodline Partners LP’s holdings in New York Times were worth $22,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in New York Times by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company’s stock worth $822,408,000 after purchasing an additional 63,856 shares during the last quarter. Darsana Capital Partners LP raised its holdings in shares of New York Times by 15.0% during the 4th quarter. Darsana Capital Partners LP now owns 5,750,000 shares of the company’s stock worth $299,288,000 after buying an additional 750,000 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 buying an additional 102,519 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of New York Times by 13.3% during the 4th quarter. Renaissance Technologies LLC now owns 3,570,380 shares of the company’s stock worth $185,838,000 after buying an additional 418,155 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of New York Times by 0.7% during the 4th 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 during the last quarter. 95.37% of the stock is owned by institutional investors.

New York Times Stock Up 0.2%

NYT opened at $55.37 on Wednesday. The New York Times Company has a twelve month low of $44.83 and a twelve month high of $58.16. The company has a fifty day moving average of $50.35 and a 200-day moving average of $51.56. The stock has a market cap of $9.03 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $635.91 million for the quarter, compared to analyst estimates of $634.99 million. New York Times had a return on equity of 18.51% and a net margin of 11.36%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Sell-side analysts anticipate that The New York Times Company will post 2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley decreased their target price on 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. Guggenheim increased their target price on shares of New York Times from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, New York Times currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

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.