Wedge Capital Management L L P NC Has $33.48 Million Stock Position in The New York Times Company $NYT

Wedge Capital Management L L P NC boosted its holdings in shares of The New York Times Company (NYSE:NYT) by 7.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 478,416 shares of the company’s stock after acquiring an additional 33,552 shares during the quarter. Wedge Capital Management L L P NC owned 0.30% of New York Times worth $33,480,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NYT. Genus Capital Management Inc. purchased a new stake in New York Times in the 4th quarter worth approximately $4,945,000. LGT Fund Management Co Ltd. increased its stake in shares of New York Times by 27.8% in the first quarter. LGT Fund Management Co Ltd. now owns 70,463 shares of the company’s stock worth $5,900,000 after acquiring an additional 15,321 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of New York Times during the first quarter worth $1,752,000. Horizon Investments LLC boosted its position in New York Times by 52.8% during the fourth quarter. Horizon Investments LLC now owns 97,772 shares of the company’s stock valued at $6,770,000 after purchasing an additional 33,804 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in New York Times by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock valued at $272,347,000 after purchasing an additional 50,389 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

NYT has been the subject of a number of recent research reports. Zacks Research downgraded New York Times from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $95.00 price objective on shares of New York Times in a research report on Thursday, May 7th. Barclays dropped their price target on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen lowered shares of New York Times from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group set a $80.00 price objective on shares of New York Times in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, New York Times has a consensus rating of “Moderate Buy” and an average price target of $82.89.

Insider Activity

In other news, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the completion of the transaction, the executive vice president owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Key Headlines Impacting New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: High-profile breaking news and live political coverage—including developments involving Iran, President Trump, NATO and U.S. elections—could drive traffic and repeat visits to NYTimes.com. Trump news live updates Election live updates Election results
• Positive Sentiment: Celebrity, lifestyle and culture coverage broadens the company’s appeal beyond hard news, including Cristiano Ronaldo’s marriage, egg freezing, dating economics, music manuscripts, the Bayeux Tapestry and “Saturday Night Live” at the Edinburgh Fringe. These features can support engagement across the Times’ expanding lifestyle and culture offerings. Cristiano Ronaldo marriage Egg freezing and AOC
• Neutral Sentiment: International reporting covers Syria, Iran, Ukraine, Colombia and California wildfires, while other stories address vaccines, college grading and political disputes. The breadth reinforces NYT’s news value but has no immediate, quantifiable effect on revenue or earnings. Syria holdout province Ukraine drone attack Colombia earthquake
• Neutral Sentiment: Political investigations and opinion-related coverage—such as allegations involving Max Miller, Muslim voters, New York politics and a North Carolina candidate’s scandal—may generate readership but also carry potential brand and polarization risks. Max Miller abuse accusations Mamdani and rabbis
• Negative Sentiment: No article identifies a direct negative catalyst for NYT, such as weaker advertising, subscriber losses, higher costs or reduced guidance. Investors therefore may continue to focus on valuation and technical factors rather than this editorial news batch.

New York Times Stock Down 1.7%

Shares of NYSE:NYT opened at $63.71 on Wednesday. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.45 and a beta of 0.95. The business has a 50 day moving average price of $72.80 and a 200 day moving average price of $76.07. The New York Times Company has a twelve month low of $54.10 and a twelve month high of $87.10.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $762.46 million during the quarter, compared to analyst estimates of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Analysts anticipate that The New York Times Company will post 2.9 EPS for the current year.

New York Times Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 8th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, July 8th. New York Times’s dividend payout ratio (DPR) is currently 38.33%.

New York Times Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.