GAMMA Investing LLC Has $131,000 Stock Position in The New York Times Company (NYSE:NYT)

GAMMA Investing LLC lifted its holdings in The New York Times Company (NYSE:NYT) by 20.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,526 shares of the company’s stock after buying an additional 424 shares during the quarter. GAMMA Investing LLC’s holdings in New York Times were worth $131,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Darsana Capital Partners LP raised its holdings in New York Times by 25.0% during the second quarter. Darsana Capital Partners LP now owns 6,250,000 shares of the company’s stock valued at $320,062,000 after buying an additional 1,250,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of New York Times by 19.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,912,142 shares of the company’s stock valued at $149,131,000 after acquiring an additional 482,200 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of New York Times by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,424,700 shares of the company’s stock valued at $124,164,000 after acquiring an additional 438,680 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in New York Times by 582.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 361,235 shares of the company’s stock worth $20,110,000 after purchasing an additional 308,277 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in New York Times by 964.9% during the second quarter. Bank of Montreal Can now owns 266,079 shares of the company’s stock worth $13,637,000 after purchasing an additional 241,093 shares during the period. 95.37% of the stock is currently owned by institutional investors.

New York Times Stock Down 0.5 %

Shares of NYT stock opened at $51.90 on Friday. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The firm has a market cap of $8.51 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. The stock has a 50 day moving average of $53.92 and a 200-day moving average of $53.96.

New York Times (NYSE:NYT) last released its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. The firm had revenue of $640.20 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. As a group, equities analysts predict that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, January 10th. New York Times’s payout ratio is presently 30.77%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NYT shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and an average price target of $54.83.

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.