The New York Times Company (NYSE:NYT) Sees Large Decrease in Short Interest

The New York Times Company (NYSE:NYT) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 8,186,033 shares, a decline of 15.9% from the March 31st total of 9,732,285 shares. Approximately 5.2% of the shares of the stock are short sold. Based on an average daily volume of 1,940,505 shares, the short-interest ratio is presently 4.2 days.

New York Times Stock Down 0.5%

NYT stock opened at $78.62 on Friday. The business has a fifty day moving average of $80.90 and a two-hundred day moving average of $71.51. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. New York Times has a 52-week low of $51.03 and a 52-week high of $87.10.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. The company had revenue of $802.31 million during the quarter, compared to analysts’ expectations of $791.55 million. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. As a group, sell-side analysts anticipate that New York Times will post 2.79 EPS for the current year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.2%. This is a positive change from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, April 1st. New York Times’s payout ratio is 44.02%.

More New York Times News

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Heavy breaking political coverage (Trump/foreign policy live updates) can drive traffic and subscriber engagement, supporting NYT’s core digital-revenue growth. Trump Administration Live Updates
• Positive Sentiment: Large national-security and tech stories (Pentagon deals with A.I. companies) are high-interest topics that historically boost page views and premium subscriptions for investigative/analysis coverage. Pentagon Makes Deals With A.I. Companies
• Neutral Sentiment: Ongoing crime and security reporting (video release in Correspondents’ Dinner attack, Brown University shooting follow-ups) may lift temporary engagement but are hard to monetize long term. Authorities Release Video of Suspect
• Neutral Sentiment: Soft consumer-interest pieces (Broadway debuts) are audience-building but have limited direct ad or subscription impact versus hard news. These 5 Actors Are Already Screen Stars
• Negative Sentiment: Earnings preview: analysts expect Q1 results to hinge on digital subscription gains vs. print weakness; Zacks flags margin pressure from higher spending, which could temper upside even if revenue grows. This is the clearest near-term driver weighing on the stock. Key Factors to Watch Ahead of Q1 Earnings
• Negative Sentiment: Broader policy stories (Obamacare subsidy expiration and declining enrollments) and prolonged high-intensity news cycles can pressure ad markets and consumer budgets, creating uncertainty for advertising revenue and subscription growth sustainability. Since Congress Let Obamacare Subsidies Expire

Analysts Set New Price Targets

NYT has been the topic of several recent research reports. Bank of America initiated coverage on New York Times in a report on Wednesday, April 22nd. They set a “neutral” rating and a $84.00 target price on the stock. Evercore restated an “outperform” rating on shares of New York Times in a report on Thursday, February 5th. Argus upgraded New York Times to a “strong-buy” rating in a report on Thursday, February 19th. Guggenheim set a $63.00 target price on New York Times and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their target price on New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Insider Transactions at New York Times

In other news, CAO R Anthony Benten sold 1,913 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total transaction of $140,739.41. Following the transaction, the chief accounting officer directly owned 37,772 shares in the company, valued at $2,778,886.04. The trade was a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William Bardeen sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total value of $1,034,280.00. Following the transaction, the executive vice president owned 18,681 shares in the company, valued at approximately $1,486,260.36. This represents a 41.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,913 shares of company stock worth $2,214,369 in the last ninety days. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On New York Times

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new position in New York Times during the first quarter worth $442,000. Focus Partners Wealth lifted its stake in New York Times by 52.2% during the first quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock worth $577,000 after purchasing an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after purchasing an additional 739 shares in the last quarter. Baird Financial Group Inc. acquired a new position in New York Times during the second quarter worth $306,000. Finally, Cerity Partners LLC lifted its stake in New York Times by 70.2% during the second quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock worth $3,103,000 after purchasing an additional 22,853 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.