Kapitalo Investimentos Ltda Has $1.17 Million Stock Holdings in The New York Times Company (NYSE:NYT)

Kapitalo Investimentos Ltda increased its stake in shares of The New York Times Company (NYSE:NYTFree Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,818 shares of the company’s stock after purchasing an additional 3,038 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in New York Times were worth $1,167,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new position in New York Times in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC bought a new stake in shares of New York Times in the 4th quarter valued at $31,000. DekaBank Deutsche Girozentrale bought a new stake in shares of New York Times in the 3rd quarter valued at $37,000. Covestor Ltd boosted its stake in shares of New York Times by 9.6% in the 3rd quarter. Covestor Ltd now owns 2,659 shares of the company’s stock valued at $110,000 after purchasing an additional 232 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of New York Times by 84,033.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,524 shares of the company’s stock valued at $124,000 after purchasing an additional 2,521 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Price Performance

Shares of NYT stock traded down $0.06 on Tuesday, hitting $49.61. The stock had a trading volume of 77,895 shares, compared to its average volume of 1,209,600. The New York Times Company has a 12-month low of $36.92 and a 12-month high of $51.98. The business has a 50 day moving average of $46.99 and a 200 day moving average of $46.15. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 33.10 and a beta of 1.05.

New York Times (NYSE:NYTGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. New York Times had a net margin of 10.19% and a return on equity of 17.33%. The business had revenue of $594.00 million during the quarter, compared to the consensus estimate of $591.97 million. During the same quarter last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts expect that The New York Times Company will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Levien Meredith A. Kopit sold 12,548 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $47.72, for a total transaction of $598,790.56. Following the completion of the sale, the chief executive officer now owns 120,072 shares in the company, valued at $5,729,835.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other New York Times news, CEO Levien Meredith A. Kopit sold 12,548 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $47.72, for a total transaction of $598,790.56. Following the completion of the transaction, the chief executive officer now owns 120,072 shares in the company, valued at $5,729,835.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO R Anthony Benten sold 5,171 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $48.98, for a total transaction of $253,275.58. Following the transaction, the chief accounting officer now owns 38,576 shares of the company’s stock, valued at approximately $1,889,452.48. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NYT shares. Argus raised shares of New York Times from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Monday, March 4th. Citigroup initiated coverage on shares of New York Times in a research note on Tuesday, March 12th. They set a “buy” rating and a $52.00 target price on the stock. Evercore ISI increased their target price on shares of New York Times from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $46.71.

Read Our Latest Report on NYT

New York Times Profile

(Free Report)

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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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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