WINTON GROUP Ltd Takes $705,000 Position in New York Times Co (NYT)

WINTON GROUP Ltd purchased a new stake in shares of New York Times Co (NYSE:NYT) during the third quarter, HoldingsChannel.com reports. The fund purchased 30,445 shares of the company’s stock, valued at approximately $705,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NYT. CSat Investment Advisory L.P. bought a new position in shares of New York Times during the second quarter valued at about $120,000. Adviser Investments LLC bought a new position in shares of New York Times during the second quarter valued at about $190,000. D.A. Davidson & CO. bought a new position in shares of New York Times during the second quarter valued at about $201,000. Perigon Wealth Management LLC lifted its position in shares of New York Times by 54.8% during the second quarter. Perigon Wealth Management LLC now owns 11,640 shares of the company’s stock valued at $301,000 after purchasing an additional 4,120 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in New York Times during the second quarter worth about $454,000. 89.65% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of New York Times from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Barclays downgraded shares of New York Times from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Tuesday, November 6th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price objective on shares of New York Times to $32.00 and gave the stock an “overweight” rating in a report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.33.

NYSE NYT opened at $26.30 on Friday. New York Times Co has a 52-week low of $17.50 and a 52-week high of $28.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $4.28 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.82 and a beta of 1.12.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. New York Times had a net margin of 0.79% and a return on equity of 15.14%. The business had revenue of $417.30 million during the quarter, compared to the consensus estimate of $409.80 million. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that New York Times Co will post 0.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Wednesday, October 3rd were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 0.61%. New York Times’s dividend payout ratio (DPR) is presently 20.00%.

In other news, insider Carso S.A. De C.V. Inversora sold 90,000 shares of New York Times stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $22.86, for a total value of $2,057,400.00. Following the completion of the transaction, the insider now owns 8,247,175 shares in the company, valued at $188,530,420.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Denham sold 3,492 shares of New York Times stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $27.84, for a total transaction of $97,217.28. Following the completion of the transaction, the director now owns 45,237 shares of the company’s stock, valued at approximately $1,259,398.08. The disclosure for this sale can be found here. Insiders have sold 127,492 shares of company stock valued at $2,961,437 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

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About New York Times

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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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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