New York Times Company (The) (NYSE:NYT) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its stake in shares of New York Times Company (The) (NYSE:NYT) by 71.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,287 shares of the company’s stock after buying an additional 7,630 shares during the period. Neuberger Berman Group LLC’s holdings in New York Times Company (The) were worth $263,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of New York Times Company (The) during the fourth quarter valued at $224,000. Comerica Bank raised its stake in New York Times Company (The) by 6.3% in the fourth quarter. Comerica Bank now owns 89,694 shares of the company’s stock valued at $1,220,000 after buying an additional 5,287 shares in the last quarter. State Street Corp raised its stake in New York Times Company (The) by 1.4% in the fourth quarter. State Street Corp now owns 4,163,432 shares of the company’s stock valued at $55,377,000 after buying an additional 59,051 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in New York Times Company (The) by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,073,666 shares of the company’s stock valued at $67,480,000 after buying an additional 163,490 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in New York Times Company (The) by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,384,400 shares of the company’s stock valued at $18,413,000 after buying an additional 189,800 shares in the last quarter. Institutional investors own 63.18% of the company’s stock.

New York Times Company (NYSE:NYT) traded down 3.26% during midday trading on Friday, reaching $19.30. The company had a trading volume of 2,228,194 shares. New York Times Company has a 52 week low of $10.60 and a 52 week high of $20.15. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 49.11 and a beta of 1.80. The firm has a 50-day moving average price of $17.83 and a 200-day moving average price of $15.80.

New York Times Company (The) (NYSE:NYT) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. New York Times Company (The) had a return on equity of 12.96% and a net margin of 4.12%. The business had revenue of $407.10 million during the quarter, compared to analyst estimates of $393.07 million. During the same quarter in the prior year, the business posted $0.11 EPS. New York Times Company (The)’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts expect that New York Times Company will post $0.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Wednesday, July 12th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.83%. New York Times Company (The)’s payout ratio is presently 40.00%.

ILLEGAL ACTIVITY NOTICE: “New York Times Company (The) (NYSE:NYT) Shares Bought by Neuberger Berman Group LLC” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/07/29/neuberger-berman-group-llc-boosts-stake-in-new-york-times-company-the-nysenyt-updated-updated-updated.html.

Several equities research analysts recently issued reports on NYT shares. Barclays PLC lifted their price objective on New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised New York Times Company (The) from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, April 4th. Finally, Jefferies Group LLC lifted their price objective on New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.45.

In other New York Times Company (The) news, SVP R Anthony Benten sold 13,200 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the completion of the sale, the senior vice president now owns 49,376 shares in the company, valued at approximately $868,523.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.70% of the company’s stock.

About New York Times Company (The)

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

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

Receive News & Ratings for New York Times Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply