Carso S.A. De C.V. Inversora Sells 59,800 Shares of New York Times Co Class A (NYT) Stock

New York Times Co Class A (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 59,800 shares of New York Times Co Class A stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $23.14, for a total value of $1,383,772.00. Following the completion of the sale, the insider now directly owns 8,337,175 shares in the company, valued at approximately $192,922,229.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carso S.A. De C.V. Inversora also recently made the following trade(s):

  • On Monday, August 6th, Carso S.A. De C.V. Inversora sold 150,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $24.48, for a total value of $3,672,000.00.
  • On Friday, July 20th, Carso S.A. De C.V. Inversora sold 58,962 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.63, for a total value of $1,511,196.06.
  • On Wednesday, July 18th, Carso S.A. De C.V. Inversora sold 190,300 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.68, for a total value of $4,886,904.00.
  • On Wednesday, July 11th, Carso S.A. De C.V. Inversora sold 20,005 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.68, for a total value of $533,733.40.
  • On Friday, July 6th, Carso S.A. De C.V. Inversora sold 8,153 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.22, for a total value of $213,771.66.
  • On Monday, July 9th, Carso S.A. De C.V. Inversora sold 15,933 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.31, for a total value of $419,197.23.
  • On Monday, July 2nd, Carso S.A. De C.V. Inversora sold 15,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.22, for a total value of $393,300.00.
  • On Thursday, June 28th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.01, for a total value of $260,100.00.
  • On Monday, June 25th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.53, for a total value of $265,300.00.
  • On Friday, June 22nd, Carso S.A. De C.V. Inversora sold 80,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $25.77, for a total value of $2,061,600.00.

Shares of NYSE NYT traded up $0.07 during trading hours on Thursday, hitting $23.12. 45,952 shares of the company traded hands, compared to its average volume of 2,215,856. The company has a market cap of $3.73 billion, a P/E ratio of 28.84, a P/E/G ratio of 1.22 and a beta of 1.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. New York Times Co Class A has a 12 month low of $16.95 and a 12 month high of $26.85.

New York Times Co Class A (NYSE:NYT) last released its earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The firm had revenue of $414.60 million for the quarter, compared to the consensus estimate of $411.25 million. New York Times Co Class A had a return on equity of 15.00% and a net margin of 1.24%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. equities analysts predict that New York Times Co Class A will post 0.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 26th. Stockholders of record on Wednesday, July 11th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, July 10th. New York Times Co Class A’s dividend payout ratio is currently 20.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in New York Times Co Class A by 10.6% during the 2nd quarter. BlackRock Inc. now owns 15,043,001 shares of the company’s stock valued at $389,615,000 after acquiring an additional 1,438,997 shares during the period. FMR LLC boosted its holdings in New York Times Co Class A by 1,576.2% during the 2nd quarter. FMR LLC now owns 4,715,899 shares of the company’s stock valued at $122,142,000 after acquiring an additional 4,434,550 shares during the period. Artisan Partners Limited Partnership boosted its holdings in New York Times Co Class A by 187.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,638,999 shares of the company’s stock valued at $120,150,000 after acquiring an additional 3,027,171 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its holdings in New York Times Co Class A by 2,248.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 4,225,072 shares of the company’s stock valued at $109,429,000 after acquiring an additional 4,045,185 shares during the period. Finally, OZ Management LP purchased a new position in New York Times Co Class A during the 1st quarter valued at $100,446,000. 82.93% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on NYT shares. JPMorgan Chase & Co. raised New York Times Co Class A from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Monday, April 30th. JP Morgan Cazenove reissued an “overweight” rating on shares of New York Times Co Class A in a research report on Monday, April 30th. Zacks Investment Research downgraded New York Times Co Class A from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, ValuEngine downgraded New York Times Co Class A from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. New York Times Co Class A currently has an average rating of “Hold” and an average target price of $22.75.

About New York Times Co Class A

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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