Quinn Opportunity Partners LLC Sells 39,500 Shares of New York Times Co (NYT)

Quinn Opportunity Partners LLC cut its position in New York Times Co (NYSE:NYT) by 46.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,000 shares of the company’s stock after selling 39,500 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in New York Times were worth $1,511,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Partner Investment Management L.P. purchased a new stake in shares of New York Times during the fourth quarter worth about $465,000. FMR LLC boosted its position in New York Times by 43.6% in the fourth quarter. FMR LLC now owns 9,905,011 shares of the company’s stock valued at $220,783,000 after buying an additional 3,006,064 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in New York Times in the fourth quarter valued at approximately $727,000. Retirement Systems of Alabama boosted its position in New York Times by 1.1% in the first quarter. Retirement Systems of Alabama now owns 184,845 shares of the company’s stock valued at $6,072,000 after buying an additional 1,940 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in New York Times by 13.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,228 shares of the company’s stock valued at $429,000 after buying an additional 2,270 shares during the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.

NYSE NYT traded up $0.38 during mid-day trading on Thursday, hitting $34.16. The stock had a trading volume of 11,771 shares, compared to its average volume of 2,068,701. New York Times Co has a twelve month low of $21.34 and a twelve month high of $34.85. The company has a market cap of $5.61 billion, a P/E ratio of 42.10 and a beta of 1.23.



New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.08. New York Times had a return on equity of 13.76% and a net margin of 7.55%. The firm had revenue of $439.10 million during the quarter, compared to the consensus estimate of $433.92 million. During the same period in the prior year, the company earned $0.17 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that New York Times Co will post 0.86 EPS for the current fiscal year.

NYT has been the topic of a number of recent research reports. ValuEngine upgraded New York Times from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. Cannonball Research upgraded New York Times to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, March 18th. Finally, Zacks Investment Research upgraded New York Times from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.50.

In other New York Times news, CEO Mark Thompson sold 70,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $32.36, for a total value of $2,265,200.00. Following the completion of the sale, the chief executive officer now directly owns 429,247 shares in the company, valued at approximately $13,890,432.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Arthur G. Sulzberger sold 1,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $33.10, for a total value of $33,100.00. Following the completion of the sale, the insider now owns 39,638 shares of the company’s stock, valued at $1,312,017.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,362 shares of company stock valued at $3,087,872. 2.70% of the stock is owned by corporate insiders.

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New York Times 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 offers 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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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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