New York Times Co (NYSE:NYT) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its position in shares of New York Times Co (NYSE:NYT) by 87.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,307 shares of the company’s stock after purchasing an additional 9,449 shares during the quarter. Amalgamated Bank’s holdings in New York Times were worth $453,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NYT. JPMorgan Chase & Co. boosted its holdings in New York Times by 28.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,162 shares of the company’s stock valued at $2,596,000 after purchasing an additional 24,629 shares during the period. Prudential Financial Inc. increased its position in New York Times by 7.6% during the 3rd quarter. Prudential Financial Inc. now owns 93,691 shares of the company’s stock worth $2,169,000 after purchasing an additional 6,650 shares in the last quarter. BlackRock Inc. increased its position in New York Times by 7.2% during the 3rd quarter. BlackRock Inc. now owns 16,133,035 shares of the company’s stock worth $373,479,000 after purchasing an additional 1,090,034 shares in the last quarter. Great West Life Assurance Co. Can increased its position in New York Times by 6.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 80,012 shares of the company’s stock worth $1,848,000 after purchasing an additional 5,038 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in New York Times by 296.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,322 shares of the company’s stock worth $193,000 after purchasing an additional 6,221 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

In other New York Times news, CFO Roland A. Caputo sold 11,580 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $31.13, for a total transaction of $360,485.40. Following the completion of the transaction, the chief financial officer now owns 27,789 shares in the company, valued at $865,071.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur Sulzberger, Jr. sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $31.20, for a total transaction of $1,404,000.00. Following the completion of the transaction, the director now owns 324,024 shares of the company’s stock, valued at $10,109,548.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 166,642 shares of company stock valued at $5,313,056. 2.70% of the stock is currently owned by corporate insiders.

NYT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of New York Times from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Cannonball Research upgraded shares of New York Times to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, March 18th. Finally, ValuEngine upgraded shares of New York Times from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. New York Times currently has an average rating of “Buy” and a consensus price target of $30.33.

NYSE NYT traded up $0.75 on Friday, hitting $33.62. 1,255,146 shares of the company were exchanged, compared to its average volume of 2,035,758. New York Times Co has a 12 month low of $21.34 and a 12 month high of $34.85. The firm has a market cap of $5.58 billion, a PE ratio of 41.51 and a beta of 1.24.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $502.70 million for the quarter, compared to analyst estimates of $479.57 million. New York Times had a net margin of 7.19% and a return on equity of 13.61%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities analysts anticipate that New York Times Co will post 0.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 3rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. This is an increase from New York Times’s previous quarterly dividend of $0.04. New York Times’s dividend payout ratio is currently 24.69%.

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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 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.

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

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