24,551 Shares in The New York Times Company $NYT Bought by Investment House LLC

Investment House LLC bought a new position in shares of The New York Times Company (NYSE:NYT) during the third quarter, HoldingsChannel.com reports. The firm bought 24,551 shares of the company’s stock, valued at approximately $1,564,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NYT. Giverny Capital Inc. acquired a new position in New York Times in the 2nd quarter valued at $33,900,000. Renaissance Technologies LLC lifted its stake in shares of New York Times by 20.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,756,180 shares of the company’s stock worth $230,775,000 after purchasing an additional 465,600 shares during the period. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of New York Times in the first quarter valued at $25,207,000. Assenagon Asset Management S.A. grew its position in shares of New York Times by 416.3% in the third quarter. Assenagon Asset Management S.A. now owns 224,075 shares of the company’s stock valued at $14,274,000 after purchasing an additional 180,678 shares during the period. Finally, Janus Henderson Group PLC increased its stake in New York Times by 30.3% in the first quarter. Janus Henderson Group PLC now owns 761,118 shares of the company’s stock valued at $63,740,000 after purchasing an additional 177,045 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Continued demand for high-impact journalism: Extensive coverage of Big Tech litigation, U.S. politics, international conflicts and social unrest reinforces The Times’ role as a destination for breaking news and analysis. Sustained readership can support digital subscriptions, advertising and retention. How a Legal Backlash Against Big Tech Is Forcing Big Changes
• Positive Sentiment: Editorial credibility and AI transparency: The company’s explanation of how it verifies artificial-intelligence-generated images highlights investments in newsroom standards and trust. That differentiation may help protect the brand and support long-term subscriber loyalty as misinformation increases. How The New York Times Reports on A.I. Images
• Neutral Sentiment: Broad content portfolio remains an engagement driver: Political coverage, international reporting, travel, culture and New York Times Athletic sports stories provide multiple opportunities to attract and retain subscribers, but the articles offer no direct evidence of an immediate financial impact. What to know about Saints-Steelers NFL Paris game amid unrest, protests in city
• Negative Sentiment: No clear near-term catalyst: None of the supplied articles announces a material contract, acquisition, earnings revision or subscription update for NYT. Investors may therefore remain focused on valuation and execution; the stock remains below its 200-day moving average despite trading above its 50-day average.

New York Times Trading Up 0.7%

Shares of New York Times stock opened at $69.36 on Friday. The business’s fifty day moving average price is $66.80 and its 200 day moving average price is $72.17. The New York Times Company has a twelve month low of $55.93 and a twelve month high of $87.10. The stock has a market capitalization of $11.19 billion, a P/E ratio of 24.77, a PEG ratio of 1.78 and a beta of 0.93.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate 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 firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, sell-side analysts predict that The New York Times Company will post 2.83 EPS for the current year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, October 7th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.3%. New York Times’s payout ratio is presently 38.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NYT shares. Zacks Research downgraded New York Times from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. New Street Research set a $82.00 price target on New York Times in a report on Tuesday, September 15th. Morgan Stanley dropped their price objective on shares of New York Times from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Sunday, October 11th. Guggenheim raised shares of New York Times from a “neutral” rating to a “buy” rating and raised their target price for the stock from $70.00 to $82.00 in a research report on Tuesday, September 15th. Finally, UBS Group set a $82.00 target price on shares of New York Times in a report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.70.

New York Times Profile

The New York Times Company (NYSE: NYT) is a media and technology company best known for publishing The New York Times, a daily newspaper founded in 1851 by Henry Jarvis Raymond and George Jones. The company produces journalism across national and international news, business, politics, culture, science, sports and other topics through print and digital platforms.

In addition to its core news operation, the company offers a range of subscription products and digital services, including NYT Cooking, Games, Audio and The Athletic, a subscription-based sports media platform.