Intech Investment Management LLC Cuts Stake in The New York Times Company $NYT

Intech Investment Management LLC trimmed its position in shares of The New York Times Company (NYSE:NYT) by 68.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 72,883 shares of the company’s stock after selling 159,562 shares during the quarter. Intech Investment Management LLC’s holdings in New York Times were worth $5,060,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP boosted its holdings in shares of New York Times by 233.4% during the 3rd quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock valued at $3,621,000 after acquiring an additional 44,161 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of New York Times by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 142,642 shares of the company’s stock valued at $8,188,000 after acquiring an additional 31,507 shares during the last quarter. Long Corridor Asset Management Ltd boosted its holdings in shares of New York Times by 14.5% during the 3rd quarter. Long Corridor Asset Management Ltd now owns 157,500 shares of the company’s stock valued at $9,040,000 after acquiring an additional 20,000 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of New York Times by 21.3% during the 3rd quarter. Bahl & Gaynor Inc. now owns 97,265 shares of the company’s stock valued at $5,583,000 after acquiring an additional 17,080 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of New York Times by 6.5% during the 3rd quarter. Alps Advisors Inc. now owns 276,050 shares of the company’s stock valued at $15,845,000 after acquiring an additional 16,936 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Insider Transactions at New York Times

In other news, EVP William Bardeen sold 13,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total value of $1,034,280.00. Following the transaction, the executive vice president owned 18,681 shares in the company, valued at $1,486,260.36. This represents a 41.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David S. Perpich sold 9,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the transaction, the director owned 28,469 shares in the company, valued at $2,193,821.14. This trade represents a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,121 shares of company stock worth $3,087,990 in the last quarter. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NYT. Morgan Stanley set a $90.00 price target on shares of New York Times in a report on Thursday, May 7th. Citigroup raised their price target on shares of New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Bank of America began coverage on shares of New York Times in a report on Wednesday, April 22nd. They set a “neutral” rating and a $84.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $95.00 price target on shares of New York Times in a report on Thursday, May 7th. Finally, Guggenheim raised their price target on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, New York Times has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

More New York Times News

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: JPMorgan lifted its price target on The New York Times Company (NYSE: NYT) to $82 from $74 and maintained an Overweight rating, signaling continued confidence in the stock’s upside. Tickerreport.com
• Neutral Sentiment: NYT published a steady stream of journalism across politics, business, technology, health, world news, theater, and sports, including pieces on AI competition, U.S. inflation, and Middle East developments. These articles help drive audience engagement, but most are not immediate stock catalysts.
• Neutral Sentiment: The company’s recent earnings trend remains supportive in the background, with the last quarterly report showing better-than-expected EPS and revenue growth, which likely underpins analyst confidence.

New York Times Stock Up 0.2%

Shares of NYSE:NYT opened at $75.39 on Monday. The firm’s 50 day moving average price is $79.84 and its 200-day moving average price is $74.18. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10. The stock has a market capitalization of $12.20 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.57 and a beta of 0.95.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The firm had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that The New York Times Company will post 2.9 earnings per share for the current fiscal year.

New York Times Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.