Louisiana State Employees Retirement System Buys 500 Shares of New York Times Co (NYSE:NYT)

Louisiana State Employees Retirement System grew its holdings in New York Times Co (NYSE:NYT) by 1.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 38,000 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in New York Times were worth $1,248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in New York Times by 3.2% during the 4th quarter. BlackRock Inc. now owns 16,647,240 shares of the company’s stock worth $371,070,000 after buying an additional 514,205 shares during the last quarter. Vanguard Group Inc. grew its stake in New York Times by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,244,508 shares of the company’s stock worth $352,910,000 after buying an additional 238,887 shares during the last quarter. Vanguard Group Inc grew its stake in New York Times by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 15,244,508 shares of the company’s stock worth $352,910,000 after buying an additional 238,887 shares during the last quarter. FMR LLC grew its stake in New York Times by 43.6% during the 4th quarter. FMR LLC now owns 9,905,011 shares of the company’s stock worth $220,783,000 after buying an additional 3,006,064 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in New York Times by 2.6% during the 3rd quarter. Macquarie Group Ltd. now owns 1,787,147 shares of the company’s stock worth $41,372,000 after buying an additional 45,530 shares during the last quarter. Institutional investors and hedge funds own 91.01% of the company’s stock.

New York Times stock traded down $1.08 during mid-day trading on Friday, reaching $33.72. 2,088,108 shares of the company were exchanged, compared to its average volume of 1,750,354. New York Times Co has a twelve month low of $21.34 and a twelve month high of $34.85. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 41.63 and a beta of 1.23.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. New York Times had a return on equity of 13.76% and a net margin of 7.55%. The company had revenue of $439.10 million during the quarter, compared to analysts’ expectations of $433.92 million. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts predict that New York Times Co will post 0.8 EPS for the current year.

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

In other news, SVP R Anthony Benten sold 14,700 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $31.34, for a total value of $460,698.00. Following the completion of the sale, the senior vice president now directly owns 54,606 shares of the company’s stock, valued at approximately $1,711,352.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Thompson sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $32.36, for a total value of $2,265,200.00. Following the completion of the sale, the chief executive officer now directly owns 429,247 shares of the company’s stock, valued at $13,890,432.92. The disclosure for this sale can be found here. Insiders have sold a total of 166,642 shares of company stock valued at $5,313,056 over the last ninety days. 2.70% of the stock is owned by insiders.

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New York Times Company 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.

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

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