New York Times Co Class A (NYT) COO Levien Meredith A. Kopit Sells 8,354 Shares

New York Times Co Class A (NYSE:NYT) COO Levien Meredith A. Kopit sold 8,354 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $22.76, for a total transaction of $190,137.04. Following the completion of the transaction, the chief operating officer now directly owns 45,389 shares of the company’s stock, valued at $1,033,053.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYT stock opened at $23.25 on Wednesday. New York Times Co Class A has a fifty-two week low of $16.95 and a fifty-two week high of $26.85. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3.73 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.65.

New York Times Co Class A (NYSE:NYT) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $414.60 million during the quarter, compared to the consensus estimate of $411.25 million. New York Times Co Class A had a return on equity of 15.00% and a net margin of 1.24%. New York Times Co Class A’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. analysts predict that New York Times Co Class A will post 0.88 earnings per share for the current year.



The business also recently declared a quarterly dividend, which was paid on Thursday, July 26th. Investors of record on Wednesday, July 11th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, July 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. New York Times Co Class A’s dividend payout ratio is presently 20.00%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of New York Times Co Class A from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. JPMorgan Chase & Co. raised shares of New York Times Co Class A from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Monday, April 30th. ValuEngine lowered shares of New York Times Co Class A from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, JP Morgan Cazenove reissued an “overweight” rating on shares of New York Times Co Class A in a report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.75.

A number of institutional investors and hedge funds have recently modified their holdings of NYT. FMR LLC lifted its position in New York Times Co Class A by 1,576.2% in the second quarter. FMR LLC now owns 4,715,899 shares of the company’s stock worth $122,142,000 after buying an additional 4,434,550 shares during the last quarter. OZ Management LP bought a new stake in New York Times Co Class A in the first quarter worth $100,446,000. Gilder Gagnon Howe & Co. LLC lifted its position in New York Times Co Class A by 2,248.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 4,225,072 shares of the company’s stock worth $109,429,000 after buying an additional 4,045,185 shares during the last quarter. Slate Path Capital LP bought a new stake in New York Times Co Class A in the first quarter worth $85,555,000. Finally, Artisan Partners Limited Partnership lifted its position in New York Times Co Class A by 187.8% in the second quarter. Artisan Partners Limited Partnership now owns 4,638,999 shares of the company’s stock worth $120,150,000 after buying an additional 3,027,171 shares during the last quarter. Institutional investors own 82.93% of the company’s stock.

New York Times Co Class A Company Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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Insider Buying and Selling by Quarter for New York Times Co Class A (NYSE:NYT)

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