The New York Times Company (NYSE:NYT) Shares Acquired by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. increased its holdings in shares of The New York Times Company (NYSE:NYT) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 462,032 shares of the company’s stock after acquiring an additional 14,407 shares during the quarter. Comgest Global Investors S.A.S.’s holdings in New York Times were worth $25,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in New York Times by 9.0% during the first quarter. Russell Investments Group Ltd. now owns 116,934 shares of the company’s stock worth $5,054,000 after purchasing an additional 9,609 shares during the period. Entropy Technologies LP acquired a new position in New York Times during the 1st quarter worth approximately $473,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of New York Times by 4.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 167,446 shares of the company’s stock valued at $7,237,000 after buying an additional 7,407 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of New York Times by 5.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 39,230 shares of the company’s stock valued at $1,696,000 after buying an additional 2,082 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of New York Times in the 1st quarter valued at $428,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on NYT shares. JPMorgan Chase & Co. upped their price target on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Barclays upped their price target on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped 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 report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

New York Times Trading Down 3.2 %

Shares of NYT traded down $1.76 during trading hours on Friday, reaching $52.46. The company had a trading volume of 1,492,826 shares, compared to its average volume of 1,116,364. The firm has a 50 day simple moving average of $54.84 and a 200-day simple moving average of $52.67. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.73 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 results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $640.20 million during the quarter, compared to the consensus estimate of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. Sell-side analysts forecast that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.13 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.52 dividend on an annualized basis and a yield of 0.99%. 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.