Dynamic Technology Lab Private Ltd Has $2.48 Million Position in The New York Times Company (NYSE:NYT)

Dynamic Technology Lab Private Ltd raised its holdings in The New York Times Company (NYSE:NYT) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,567 shares of the company’s stock after buying an additional 2,783 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in New York Times were worth $2,481,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co increased its stake in New York Times by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 120,499 shares of the company’s stock valued at $5,210,000 after acquiring an additional 1,700 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of New York Times by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,988 shares of the company’s stock worth $4,063,000 after buying an additional 6,776 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of New York Times in the 1st quarter worth approximately $1,141,000. Janus Henderson Group PLC lifted its position in shares of New York Times by 72.9% during the 1st quarter. Janus Henderson Group PLC now owns 122,820 shares of the company’s stock worth $5,308,000 after buying an additional 51,801 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in New York Times in the 1st quarter valued at $2,623,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Up 1.7 %

Shares of NYSE NYT opened at $54.16 on Monday. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.72 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. The firm’s 50-day simple moving average is $54.84 and its 200 day simple moving average is $53.04.

New York Times (NYSE:NYT) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. New York Times’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. On average, equities analysts expect that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

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

Wall Street Analyst Weigh In

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

New York Times Company 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.