Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 138,184 The New York Times Company (NYSE:NYT)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of The New York Times Company (NYSE:NYT) during the first quarter, Holdings Channel.com reports. The fund bought 138,184 shares of the company’s stock, valued at approximately $5,972,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Group Foundation raised its holdings in New York Times by 43.8% during the 4th quarter. LGT Group Foundation now owns 903,097 shares of the company’s stock valued at $43,827,000 after acquiring an additional 275,212 shares during the period. Cullinan Associates Inc. grew its position in shares of New York Times by 10.3% during the 1st quarter. Cullinan Associates Inc. now owns 195,593 shares of the company’s stock valued at $8,454,000 after purchasing an additional 18,337 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of New York Times by 3,368.3% during the 4th quarter. Allianz Asset Management GmbH now owns 181,981 shares of the company’s stock valued at $8,915,000 after purchasing an additional 176,734 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of New York Times during the 1st quarter valued at $473,000. Finally, Russell Investments Group Ltd. grew its position in shares of New York Times by 9.0% during the 1st quarter. Russell Investments Group Ltd. now owns 116,934 shares of the company’s stock valued at $5,054,000 after purchasing an additional 9,609 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI boosted their price target on shares of New York Times from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.71.

New York Times Stock Down 2.1 %

NYSE:NYT traded down $1.16 during midday trading on Thursday, hitting $53.37. The company had a trading volume of 747,272 shares, compared to its average volume of 1,205,448. The New York Times Company has a 52-week low of $39.73 and a 52-week high of $55.63. The stock’s fifty day moving average price is $51.14 and its 200-day moving average price is $47.13. The company has a market capitalization of $8.77 billion, a PE ratio of 36.37 and a beta of 1.06.

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

New York Times Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, July 9th. New York Times’s dividend payout ratio is presently 34.67%.

Insiders Place Their Bets

In other New York Times news, CAO R Anthony Benten sold 5,171 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $48.98, for a total value of $253,275.58. Following the completion of the sale, the chief accounting officer now directly owns 38,576 shares of the company’s stock, valued at $1,889,452.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction of $598,790.56. Following the completion of the transaction, the chief executive officer now directly owns 120,072 shares of the company’s stock, valued at $5,729,835.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO R Anthony Benten sold 5,171 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $48.98, for a total transaction of $253,275.58. Following the transaction, the chief accounting officer now directly owns 38,576 shares of the company’s stock, valued at $1,889,452.48. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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.