Dynamic Technology Lab Private Ltd Has $2.48 Million Stake in The New York Times Company (NYSE:NYT)

Dynamic Technology Lab Private Ltd boosted its holdings in The New York Times Company (NYSE:NYT) by 6.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,567 shares of the company’s stock after buying an additional 2,783 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in New York Times were worth $2,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of New York Times by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after acquiring an additional 360 shares during the last quarter. GAMMA Investing LLC lifted its stake in New York Times by 129.4% in the second quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock valued at $72,000 after buying an additional 792 shares during the period. Signaturefd LLC boosted its holdings in New York Times by 34.2% during the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after buying an additional 432 shares during the last quarter. Blue Trust Inc. boosted its holdings in New York Times by 401.8% during the second quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after buying an additional 1,800 shares during the last quarter. Finally, Paladin Wealth LLC acquired a new position in shares of New York Times during the 3rd quarter worth about $172,000. 95.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Barclays upped their price objective on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, New York Times presently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

New York Times Stock Up 1.7 %

New York Times stock opened at $54.16 on Monday. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $57.08. The company has a 50 day moving average of $54.84 and a 200-day moving average of $53.04. The stock has a market capitalization of $8.88 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.02.

New York Times (NYSE:NYT) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS. Equities analysts anticipate that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. New York Times’s dividend payout ratio is currently 30.77%.

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.