The New York Times Company (NYSE:NYT) Stock Holdings Increased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC increased its stake in shares of The New York Times Company (NYSE:NYT) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,648 shares of the company’s stock after purchasing an additional 307 shares during the quarter. Snowden Capital Advisors LLC’s holdings in New York Times were worth $762,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brown Financial Advisors increased its stake in shares of New York Times by 2.3% in the fourth quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock worth $468,000 after acquiring an additional 200 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of New York Times by 12.6% during the 4th quarter. Bessemer Group Inc. now owns 1,895 shares of the company’s stock worth $99,000 after purchasing an additional 212 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of New York Times by 0.7% during the 4th quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock valued at $1,789,000 after buying an additional 224 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of New York Times by 1.2% in the 4th quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock valued at $999,000 after buying an additional 228 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of New York Times by 27.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after buying an additional 247 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Stock Down 1.2%

Shares of New York Times stock opened at $55.29 on Tuesday. The New York Times Company has a 12-month low of $44.83 and a 12-month high of $58.16. The stock has a 50 day moving average price of $50.20 and a two-hundred day moving average price of $51.54. The stock has a market capitalization of $9.02 billion, a P/E ratio of 31.06, a PEG ratio of 1.75 and a beta of 1.16.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $635.91 million during the quarter, compared to analysts’ expectations of $634.99 million. New York Times had a net margin of 11.36% and a return on equity of 18.51%. New York Times’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. Sell-side analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NYT. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Morgan Stanley cut their price target on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Guggenheim lifted their price objective on shares of New York Times from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, New York Times has a consensus rating of “Moderate Buy” and an average target price of $56.00.

About New York Times

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.