Insider Selling: New York Times Co (NYT) Insider Sells 90,000 Shares of Stock

New York Times Co (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 90,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $22.86, for a total value of $2,057,400.00. Following the sale, the insider now owns 8,247,175 shares in the company, valued at approximately $188,530,420.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carso S.A. De C.V. Inversora also recently made the following trade(s):

  • On Tuesday, August 14th, Carso S.A. De C.V. Inversora sold 59,800 shares of New York Times stock. The stock was sold at an average price of $23.14, for a total value of $1,383,772.00.
  • On Monday, August 6th, Carso S.A. De C.V. Inversora sold 150,000 shares of New York Times stock. The stock was sold at an average price of $24.48, for a total value of $3,672,000.00.
  • On Friday, July 20th, Carso S.A. De C.V. Inversora sold 58,962 shares of New York Times stock. The stock was sold at an average price of $25.63, for a total value of $1,511,196.06.
  • On Wednesday, July 18th, Carso S.A. De C.V. Inversora sold 190,300 shares of New York Times stock. The stock was sold at an average price of $25.68, for a total value of $4,886,904.00.
  • On Wednesday, July 11th, Carso S.A. De C.V. Inversora sold 20,005 shares of New York Times stock. The stock was sold at an average price of $26.68, for a total value of $533,733.40.
  • On Friday, July 6th, Carso S.A. De C.V. Inversora sold 8,153 shares of New York Times stock. The stock was sold at an average price of $26.22, for a total value of $213,771.66.
  • On Monday, July 9th, Carso S.A. De C.V. Inversora sold 15,933 shares of New York Times stock. The stock was sold at an average price of $26.31, for a total value of $419,197.23.
  • On Monday, July 2nd, Carso S.A. De C.V. Inversora sold 15,000 shares of New York Times stock. The stock was sold at an average price of $26.22, for a total value of $393,300.00.
  • On Thursday, June 28th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times stock. The stock was sold at an average price of $26.01, for a total value of $260,100.00.
  • On Monday, June 25th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times stock. The stock was sold at an average price of $26.53, for a total value of $265,300.00.

Shares of NYT opened at $23.50 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market capitalization of $3.87 billion, a P/E ratio of 29.38, a PEG ratio of 1.32 and a beta of 1.57. New York Times Co has a twelve month low of $16.95 and a twelve month high of $26.85.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $414.60 million for the quarter, compared to analyst estimates of $411.25 million. New York Times had a return on equity of 15.00% and a net margin of 1.24%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. equities research analysts expect that New York Times Co will post 0.84 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Wednesday, October 3rd will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.68%. New York Times’s dividend payout ratio (DPR) is currently 20.00%.

Institutional investors and hedge funds have recently modified their holdings of the stock. CSat Investment Advisory L.P. purchased a new position in shares of New York Times in the 2nd quarter worth $120,000. Perigon Wealth Management LLC purchased a new position in New York Times in the first quarter valued at about $181,000. Adviser Investments LLC purchased a new position in New York Times in the second quarter valued at about $190,000. D.A. Davidson & CO. purchased a new position in New York Times in the second quarter valued at about $201,000. Finally, Cubist Systematic Strategies LLC purchased a new position in New York Times in the first quarter valued at about $202,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on NYT shares. Zacks Investment Research cut New York Times from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. ValuEngine cut New York Times from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. New York Times currently has a consensus rating of “Hold” and a consensus price target of $22.75.

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 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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Insider Buying and Selling by Quarter for New York Times (NYSE:NYT)

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