The New York Times Company (NYSE:NYT) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP lessened its position in The New York Times Company (NYSE:NYT) by 8.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,245 shares of the company’s stock after selling 464 shares during the period. Qsemble Capital Management LP’s holdings in New York Times were worth $292,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NYT. Oak Family Advisors LLC increased its stake in New York Times by 2.2% during the 2nd quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock valued at $547,000 after buying an additional 231 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in New York Times by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock valued at $608,000 after buying an additional 247 shares during the period. KBC Group NV increased its stake in New York Times by 0.4% during the 3rd quarter. KBC Group NV now owns 75,917 shares of the company’s stock valued at $4,226,000 after buying an additional 308 shares during the period. Hixon Zuercher LLC increased its stake in New York Times by 2.9% during the 3rd quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock valued at $696,000 after buying an additional 354 shares during the period. Finally, UMB Bank n.a. increased its stake in New York Times by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NYT. Barclays raised their target price on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.83.

New York Times Price Performance

Shares of NYT opened at $54.38 on Thursday. The firm’s 50 day moving average is $54.83 and its 200-day moving average is $53.15. The stock has a market capitalization of $8.92 billion, a P/E ratio of 32.18, a P/E/G ratio of 1.75 and a beta of 1.02. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $57.08.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company had revenue of $640.20 million for the quarter, compared to analysts’ expectations of $641.00 million. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s payout ratio is 30.77%.

New York Times Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.