Counterpoint Mutual Funds LLC Has $1.79 Million Holdings in The New York Times Company (NYSE:NYT)

Counterpoint Mutual Funds LLC grew its holdings in shares of The New York Times Company (NYSE:NYT) by 84.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,405 shares of the company’s stock after purchasing an additional 15,790 shares during the quarter. New York Times comprises about 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 22nd biggest position. Counterpoint Mutual Funds LLC’s holdings in New York Times were worth $1,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NYT. Wellington Management Group LLP grew its position in New York Times by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 6,074,514 shares of the company’s stock worth $338,168,000 after purchasing an additional 118,479 shares during the last quarter. State Street Corp boosted its holdings in New York Times by 0.7% during the third quarter. State Street Corp now owns 4,785,844 shares of the company’s stock valued at $266,428,000 after purchasing an additional 32,905 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of New York Times by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,932,816 shares of the company’s stock valued at $218,978,000 after purchasing an additional 154,509 shares during the period. Franklin Resources Inc. raised its holdings in shares of New York Times by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company’s stock worth $187,544,000 after buying an additional 49,853 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of New York Times by 228.3% during the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company’s stock worth $132,040,000 after buying an additional 1,764,078 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of New York Times stock opened at $48.92 on Monday. The firm has a fifty day moving average of $50.52 and a two-hundred day moving average of $53.05. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.75 and a beta of 1.18. The New York Times Company has a 52 week low of $41.55 and a 52 week high of $58.16.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. As a group, research analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. This is an increase from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. New York Times’s payout ratio is presently 40.45%.

Wall Street Analysts Forecast Growth

NYT has been the topic of several recent analyst reports. StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley lowered their target price 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 assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.