Robeco Institutional Asset Management B.V. Purchases 2,369 Shares of The New York Times Company (NYSE:NYT)

Robeco Institutional Asset Management B.V. lifted its holdings in The New York Times Company (NYSE:NYT) by 5.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,819 shares of the company’s stock after acquiring an additional 2,369 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in New York Times were worth $2,147,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in shares of New York Times by 9.6% during the third quarter. Covestor Ltd now owns 2,659 shares of the company’s stock worth $110,000 after purchasing an additional 232 shares during the period. Treasurer of the State of North Carolina lifted its holdings in New York Times by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 70,924 shares of the company’s stock worth $2,922,000 after buying an additional 360 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of New York Times by 1.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 24,576 shares of the company’s stock worth $1,013,000 after buying an additional 420 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of New York Times by 15.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,289 shares of the company’s stock valued at $161,000 after buying an additional 451 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of New York Times by 1.6% during the third quarter. Victory Capital Management Inc. now owns 29,091 shares of the company’s stock valued at $1,199,000 after buying an additional 458 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of NYSE NYT opened at $49.50 on Thursday. The company has a 50 day simple moving average of $44.52 and a two-hundred day simple moving average of $45.42. The New York Times Company has a fifty-two week low of $35.06 and a fifty-two week high of $49.87. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 33.00 and a beta of 1.00.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The company had revenue of $594.00 million for the quarter, compared to the consensus estimate of $591.97 million. New York Times had a return on equity of 17.33% and a net margin of 10.19%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. On average, analysts forecast that The New York Times Company will post 1.77 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Levien Meredith A. Kopit sold 12,548 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $47.72, for a total value of $598,790.56. Following the transaction, the chief executive officer now owns 120,072 shares in the company, valued at approximately $5,729,835.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NYT. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Evercore ISI lifted their target price on shares of New York Times from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Argus raised shares of New York Times from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, March 4th. Finally, Citigroup started coverage on New York Times in a research report on Tuesday, March 12th. They set a “buy” rating and a $52.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.71.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.