Dynamic Technology Lab Private Ltd Buys 13,189 Shares of The New York Times Company $NYT
by Amy Steele · The Cerbat GemDynamic Technology Lab Private Ltd grew its stake in shares of The New York Times Company (NYSE:NYT – Free Report) by 207.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,549 shares of the company’s stock after purchasing an additional 13,189 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in New York Times were worth $1,094,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in New York Times by 123.2% during the 1st quarter. Victory Capital Management Inc. now owns 178,956 shares of the company’s stock valued at $8,876,000 after acquiring an additional 98,789 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of New York Times by 51.6% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 13,425 shares of the company’s stock valued at $666,000 after purchasing an additional 4,571 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of New York Times by 10.5% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 332,479 shares of the company’s stock valued at $16,491,000 after purchasing an additional 31,637 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of New York Times by 3.4% during the first quarter. KLP Kapitalforvaltning AS now owns 49,300 shares of the company’s stock valued at $2,445,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in New York Times by 19.0% in the first quarter. Baillie Gifford & Co. now owns 3,018,477 shares of the company’s stock worth $149,716,000 after purchasing an additional 481,682 shares during the period. 95.37% of the stock is owned by institutional investors.
Insider Buying and Selling
In other New York Times news, EVP Jacqueline M. Welch sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.04, for a total value of $330,220.00. Following the completion of the transaction, the executive vice president owned 14,470 shares of the company’s stock, valued at approximately $868,778.80. The trade was a 27.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.
Wall Street Analyst Weigh In
NYT has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research report on Wednesday, October 8th. Zacks Research cut shares of New York Times from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Guggenheim upped their price objective on shares of New York Times from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. UBS Group set a $62.00 target price on shares of New York Times in a research note on Thursday, November 6th. Finally, Citigroup boosted their price target on New York Times from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.57.
View Our Latest Stock Report on NYT
New York Times Stock Up 0.9%
NYSE:NYT opened at $64.08 on Friday. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.41 and a beta of 1.14. The company’s 50 day moving average price is $58.29 and its 200-day moving average price is $56.88. The New York Times Company has a 52 week low of $44.83 and a 52 week high of $65.14.
New York Times (NYSE:NYT – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $700.82 million for the quarter, compared to analysts’ expectations of $692.01 million. New York Times had a return on equity of 19.55% and a net margin of 11.92%.The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. As a group, sell-side analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.
New York Times Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, October 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. New York Times’s dividend payout ratio (DPR) is 35.12%.
About New York Times
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.
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