New York Times Co (NYSE:NYT) CEO Mark Thompson sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $25.08, for a total transaction of $1,254,000.00. Following the completion of the transaction, the chief executive officer now owns 419,095 shares in the company, valued at approximately $10,510,902.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
New York Times Co (NYT) traded down $0.45 on Wednesday, reaching $24.65. 2,011,615 shares of the company’s stock traded hands, compared to its average volume of 2,539,958. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.28. The firm has a market cap of $4,153.46, a PE ratio of 31.11, a PEG ratio of 2.23 and a beta of 1.74. New York Times Co has a 52-week low of $14.08 and a 52-week high of $25.70.
New York Times (NYSE:NYT) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.30 by $0.09. New York Times had a net margin of 0.26% and a return on equity of 14.84%. The company had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $467.30 million. During the same quarter in the previous year, the company earned $0.30 EPS. New York Times’s revenue was up 10.1% on a year-over-year basis. sell-side analysts expect that New York Times Co will post 0.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Wednesday, April 4th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, April 3rd. New York Times’s payout ratio is currently 800.00%.
A number of research firms recently issued reports on NYT. Barclays set a $20.00 target price on shares of New York Times and gave the company a “hold” rating in a research note on Sunday, February 11th. Zacks Investment Research raised shares of New York Times from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, January 31st. Finally, ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in New York Times by 1.5% in the fourth quarter. BlackRock Inc. now owns 13,324,101 shares of the company’s stock valued at $246,496,000 after buying an additional 202,707 shares in the last quarter. State Street Corp lifted its position in shares of New York Times by 2.3% in the second quarter. State Street Corp now owns 4,112,961 shares of the company’s stock worth $72,796,000 after purchasing an additional 90,840 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of New York Times by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 3,670,097 shares of the company’s stock worth $71,933,000 after purchasing an additional 19,102 shares in the last quarter. Bain Capital Public Equity Management LLC bought a new stake in shares of New York Times in the fourth quarter worth $22,115,000. Finally, Teachers Advisors LLC lifted its position in shares of New York Times by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 1,132,444 shares of the company’s stock worth $20,950,000 after purchasing an additional 8,416 shares in the last quarter. 72.15% of the stock is currently owned by hedge funds and other institutional investors.
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About New York Times
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
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