Neo Ivy Capital Management Boosts Stock Holdings in New York Times Co (NYSE:NYT)

Neo Ivy Capital Management boosted its position in New York Times Co (NYSE:NYT) by 3,041.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 44,206 shares of the company’s stock after purchasing an additional 42,799 shares during the period. New York Times comprises about 0.8% of Neo Ivy Capital Management’s portfolio, making the stock its 19th biggest holding. Neo Ivy Capital Management’s holdings in New York Times were worth $1,442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NYT. Steward Partners Investment Advisory LLC purchased a new position in New York Times in the second quarter valued at approximately $32,000. Trustcore Financial Services LLC purchased a new position in New York Times in the second quarter valued at approximately $41,000. FNY Investment Advisers LLC purchased a new position in New York Times in the second quarter valued at approximately $80,000. Natixis purchased a new position in New York Times in the second quarter valued at approximately $202,000. Finally, Gillespie Robinson & Grimm Inc. purchased a new position in New York Times in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

NYT has been the topic of several research analyst reports. Evercore ISI set a $38.00 price objective on New York Times and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine downgraded New York Times from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded New York Times from a “sell” rating to a “hold” rating and set a $32.00 target price on the stock in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.20.

Shares of NYSE:NYT traded up $0.43 during trading on Friday, hitting $29.01. 1,834,470 shares of the company were exchanged, compared to its average volume of 1,395,917. The company has a market cap of $4.74 billion, a PE ratio of 35.81 and a beta of 1.20. The stock has a 50 day moving average of $29.94 and a 200 day moving average of $32.75. New York Times Co has a 52-week low of $21.34 and a 52-week high of $36.25.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $436.30 million for the quarter, compared to the consensus estimate of $439.20 million. New York Times had a return on equity of 13.40% and a net margin of 7.55%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 earnings per share. On average, analysts anticipate that New York Times Co will post 0.81 earnings per share for the current fiscal year.

New York Times Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers 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.

Further Reading: Growth Stocks

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

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