The New York Times Company $NYT Shares Acquired by New Age Alpha Advisors LLC

by · The Cerbat Gem

New Age Alpha Advisors LLC grew its holdings in The New York Times Company (NYSE:NYTFree Report) by 83.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,085 shares of the company’s stock after purchasing an additional 15,997 shares during the period. New Age Alpha Advisors LLC’s holdings in New York Times were worth $2,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Navalign LLC acquired a new position in shares of New York Times in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC lifted its stake in shares of New York Times by 74.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after purchasing an additional 190 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of New York Times in the 4th quarter valued at $32,000. SOA Wealth Advisors LLC. acquired a new position in shares of New York Times in the 4th quarter valued at $34,000. Finally, Grove Bank & Trust purchased a new stake in shares of New York Times in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

  • Positive Sentiment: Zacks highlighted NYT as a defensive, “safe-haven” name to consider if investors worry about inflation and possible Fed rate hikes, which could help support the stock. Article Title
  • Neutral Sentiment: NYT’s sports vertical, The Athletic, published multiple high-interest pieces on the Knicks reaching the NBA Finals, including owner James Dolan’s reaction and live playoff coverage. This could drive readership and engagement, but it is not a direct earnings catalyst. Article Title
  • Neutral Sentiment: The company also had a steady stream of broad-appeal national, international, and culture coverage, including Iran war updates, Pope Leo’s A.I. message, and political reporting, which may reinforce subscriber engagement but does not appear to materially change the outlook on its own.

New York Times Trading Up 0.2%

NYT stock opened at $75.13 on Wednesday. The company has a market capitalization of $12.16 billion, a PE ratio of 32.24, a P/E/G ratio of 1.57 and a beta of 0.98. The New York Times Company has a 12-month low of $51.03 and a 12-month high of $87.10. The business’s fifty day moving average price is $80.14 and its 200 day moving average price is $73.88.

New York Times (NYSE:NYTGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm had revenue of $712.24 million for the quarter, compared to the consensus estimate of $699.93 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts predict that The New York Times Company will post 2.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other New York Times news, Director David S. Perpich sold 9,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the sale, the director owned 28,469 shares in the company, valued at $2,193,821.14. This represents a 24.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the sale, the chairman owned 172,338 shares in the company, valued at approximately $13,778,423.10. This trade represents a 7.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,121 shares of company stock worth $3,087,990 in the last quarter. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore reiterated an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a report on Thursday, May 7th. Wall Street Zen upgraded New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $95.00 price objective on shares of New York Times in a report on Thursday, May 7th. Morgan Stanley set a $90.00 price objective on New York Times in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.78.

View Our Latest Report on NYT

New York Times Profile

(Free Report)

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

Further Reading

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