Globeflex Capital L P Purchases Shares of 8,053 The New York Times Company $NYT

Globeflex Capital L P purchased a new stake in shares of The New York Times Company (NYSE:NYT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,053 shares of the company’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Navalign LLC acquired a new position in shares of New York Times in the fourth quarter valued at $25,000. Basecamp Wealth Advisors LLC lifted its stake in shares of New York Times by 1,191.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock worth $26,000 after buying an additional 286 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of New York Times by 74.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of New York Times during the 4th quarter worth about $32,000. Finally, Larson Financial Group LLC grew its stake in New York Times by 59.6% in the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 245 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Bank of America decreased their target price on New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 24th. Barclays lowered their target price on 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. Evercore reissued an “outperform” rating and set a $92.00 price target on shares of New York Times in a report on Thursday, May 7th. Finally, UBS Group set a $75.00 price target on New York Times in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.33.

Insider Activity

In related news, EVP Jacqueline M. Welch sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the sale, the executive vice president owned 23,873 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

New York Times Stock Up 1.4%

Shares of New York Times stock opened at $68.46 on Wednesday. The New York Times Company has a twelve month low of $54.10 and a twelve month high of $87.10. The company has a 50-day simple moving average of $71.06 and a two-hundred day simple moving average of $75.61. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The firm had revenue of $762.46 million during the quarter, compared to the consensus estimate of $752.01 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The New York Times Company will post 2.84 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, July 8th. New York Times’s payout ratio is 38.33%.

Trending Headlines about New York Times

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

• Positive Sentiment: Extensive reporting on U.S. foreign policy, Iran sanctions, trade tensions with Canada, and the Russia-Ukraine war reinforces NYT’s role as a premium source for high-interest global news. Such coverage can support traffic, subscriptions, and retention. U.S. Attempt to Strangle Iran’s Economy Depends on China’s Cooperation
• Positive Sentiment: The company’s broad political coverage—including Pennsylvania polling, Senate control, election runoffs, and Supreme Court voting developments—offers multiple opportunities for sustained news consumption during the election cycle. Poll Shows Shapiro With a Wide Lead in Pennsylvania
• Positive Sentiment: Investigations into football-related C.T.E. risks and autonomous A.I. attacks highlight NYT’s strength in explanatory and investigative journalism, potentially enhancing the perceived value of its subscription bundle. Study’s Alarming Finding: At Least 1 in 4 N.F.L. Players Gets Brain Disease

About New York Times

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.