Stifel Financial Corp Reduces Position in The New York Times Company (NYSE:NYT)

Stifel Financial Corp trimmed its stake in The New York Times Company (NYSE:NYT) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 27,065 shares of the company’s stock after selling 484 shares during the period. Stifel Financial Corp’s holdings in New York Times were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in New York Times by 511.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company’s stock worth $25,000 after buying an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in New York Times during the 4th quarter worth approximately $36,000. UMB Bank n.a. lifted its holdings in New York Times by 61.4% during the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after purchasing an additional 283 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after purchasing an additional 247 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of New York Times by 12.6% in the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company’s stock worth $99,000 after purchasing an additional 212 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

NYT has been the subject of several recent analyst reports. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Morgan Stanley dropped their price objective on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.00.

New York Times Stock Down 0.2 %

NYT opened at $52.57 on Thursday. The company has a market capitalization of $8.58 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The firm has a 50-day simple moving average of $49.13 and a two-hundred day simple moving average of $51.64. The New York Times Company has a 52 week low of $44.70 and a 52 week high of $58.16.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, May 7th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $635.91 million during the quarter, compared to analyst estimates of $634.99 million. New York Times had a net margin of 11.36% and a return on equity of 18.51%. New York Times’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. As a group, sell-side analysts expect that The New York Times Company will post 2.08 earnings per share for the current year.

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.