Kesler Norman & Wride LLC Purchases 9,087 Shares of The New York Times Company $NYT

Kesler Norman & Wride LLC boosted its stake in shares of The New York Times Company (NYSE:NYT) by 45.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,074 shares of the company’s stock after purchasing an additional 9,087 shares during the quarter. Kesler Norman & Wride LLC’s holdings in New York Times were worth $2,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navalign LLC bought a new position in New York Times during the fourth quarter worth $25,000. Cornerstone Planning Group LLC boosted its position in New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares during the period. International Assets Investment Management LLC bought a new position in New York Times during the fourth quarter worth $32,000. SOA Wealth Advisors LLC. bought a new position in New York Times during the fourth quarter worth $34,000. Finally, Grove Bank & Trust bought a new position in New York Times during the fourth quarter worth $42,000. 95.37% of the stock is owned by institutional investors.

New York Times Stock Down 1.3%

NYSE NYT opened at $75.23 on Wednesday. The company has a market capitalization of $12.18 billion, a P/E ratio of 32.29, a P/E/G ratio of 1.58 and a beta of 0.95. The firm has a 50-day moving average price of $79.75 and a two-hundred day moving average price of $74.27. The New York Times Company has a 12-month low of $51.03 and a 12-month high of $87.10.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.New York Times’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Equities analysts expect that The New York Times Company will post 2.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on NYT shares. Argus raised shares of New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. Barclays lifted their price objective on shares of New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Morgan Stanley set a $90.00 price objective on shares of New York Times in a research report on Thursday, May 7th. Wall Street Zen raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Citigroup boosted their target price on shares of New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

Insider Transactions at New York Times

In related news, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the transaction, the executive vice president owned 14,560 shares of the company’s stock, valued at $1,133,496. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David S. Perpich sold 9,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the transaction, the director directly owned 28,469 shares of the company’s stock, valued at approximately $2,193,821.14. This trade represents a 24.02% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by insiders.

New York Times News Roundup

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

• Positive Sentiment: The New York Times continued to publish a steady stream of high-profile newsroom and sports content, including coverage from The Athletic and major politics, entertainment, and world news stories, underscoring strong audience engagement. Ben Brown levels up, Lucas Erceg is droppable and more fantasy baseball takeaways
• Neutral Sentiment: Publisher criticism of AI firms for “brazen theft” highlights ongoing legal and licensing disputes around journalism content, but it also signals the company remains active in defending its intellectual property and potential revenue streams. New York Times publisher slams AI companies’ ‘brazen theft’ from news outlets
• Negative Sentiment: A notice that NYT investors can join an investigation by Schall Law Firm may raise concerns about possible shareholder claims or litigation risk, which can weigh on sentiment. NYT Investors Have the Opportunity to Join Investigation of The New York Times Company with the Schall Law Firm

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.