EntryPoint Capital LLC Makes New Investment in The New York Times Company (NYSE:NYT)

EntryPoint Capital LLC acquired a new stake in The New York Times Company (NYSE:NYT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,418 shares of the company’s stock, valued at approximately $646,000.

A number of other institutional investors have also recently made changes to their positions in NYT. Mountain Hill Investment Partners Corp. purchased a new position in New York Times in the 4th quarter valued at approximately $36,000. UMB Bank n.a. grew its stake in New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in New York Times by 27.7% during the 4th 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. GAMMA Investing LLC raised its position in New York Times by 20.2% in the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after purchasing an additional 424 shares in the last quarter. Finally, Portfolio Design Labs LLC purchased a new position in shares of New York Times in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

New York Times Stock Down 0.1 %

Shares of New York Times stock opened at $48.62 on Tuesday. The New York Times Company has a 52 week low of $41.55 and a 52 week high of $58.16. The firm’s 50 day moving average is $50.16 and its two-hundred day moving average is $52.81. The firm has a market capitalization of $7.94 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates 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 expect that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This is a positive change from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 annualized dividend and a yield of 1.48%. New York Times’s payout ratio is 40.45%.

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.