The New York Times Company (NYSE:NYT) Shares Purchased by Nia Impact Advisors LLC

Nia Impact Advisors LLC increased its position in shares of The New York Times Company (NYSE:NYT) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,687 shares of the company’s stock after purchasing an additional 400 shares during the period. Nia Impact Advisors LLC’s holdings in New York Times were worth $1,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NYT. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in New York Times by 511.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company’s stock worth $25,000 after purchasing an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in New York Times during the fourth quarter worth about $36,000. UMB Bank n.a. boosted its stake in New York Times by 61.4% during the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock worth $39,000 after buying an additional 283 shares during the period. Smartleaf Asset Management LLC boosted its stake in New York Times by 27.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after buying an additional 247 shares during the period. Finally, Bessemer Group Inc. boosted its stake in New York Times by 12.6% during the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company’s stock worth $99,000 after buying an additional 212 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Stock Performance

NYSE NYT opened at $54.68 on Wednesday. The firm has a 50 day simple moving average of $49.67 and a 200-day simple moving average of $51.58. The New York Times Company has a one year low of $44.83 and a one year high of $58.16. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.75 and a beta of 1.16.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. The business had revenue of $635.91 million during the quarter, compared to analyst estimates of $634.99 million. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that The New York Times Company will post 2.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Finally, Guggenheim increased their target price on shares of New York Times from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.