SG Americas Securities LLC Has $1.18 Million Stock Holdings in The New York Times Company $NYT

SG Americas Securities LLC increased its holdings in The New York Times Company (NYSE:NYT) by 321.3% in the second quarter, HoldingsChannel reports. The firm owned 21,017 shares of the company’s stock after purchasing an additional 16,028 shares during the period. SG Americas Securities LLC’s holdings in New York Times were worth $1,177,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NYT. Hantz Financial Services Inc. grew its stake in New York Times by 4,591.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 551 shares during the last quarter. True Wealth Design LLC lifted its position in New York Times by 519.6% during the 2nd quarter. True Wealth Design LLC now owns 570 shares of the company’s stock worth $32,000 after acquiring an additional 478 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after acquiring an additional 739 shares during the period. Allworth Financial LP boosted its holdings in New York Times by 405.4% during the second quarter. Allworth Financial LP now owns 1,021 shares of the company’s stock valued at $57,000 after acquiring an additional 819 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of New York Times in the first quarter valued at about $60,000. 95.37% of the stock is currently owned by institutional investors.

New York Times Trading Up 0.9%

Shares of New York Times stock opened at $64.08 on Friday. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 1.41 and a beta of 1.14. The firm’s 50-day moving average price is $58.29 and its two-hundred day moving average price is $56.88. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $65.14.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. New York Times had a return on equity of 19.55% and a net margin of 11.92%.The company had revenue of $700.82 million for the quarter, compared to analysts’ expectations of $692.01 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts predict that The New York Times Company will post 2.08 EPS for the current year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, October 8th. New York Times’s payout ratio is 35.12%.

Analysts Set New Price Targets

NYT has been the topic of a number of research analyst reports. Barclays raised their target price on New York Times from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research report on Wednesday, October 8th. Guggenheim boosted their target price on shares of New York Times from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. UBS Group set a $62.00 target price on shares of New York Times in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.57.

Insiders Place Their Bets

In other New York Times news, EVP Jacqueline M. Welch sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.04, for a total value of $330,220.00. Following the transaction, the executive vice president directly owned 14,470 shares of the company’s stock, valued at approximately $868,778.80. This trade represents a 27.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.