Liberty Mutual Group Asset Management Inc. Raises Stake in New York Times Company (The) (NYSE:NYT)

Liberty Mutual Group Asset Management Inc. raised its position in shares of New York Times Company (The) (NYSE:NYT) by 16.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,414 shares of the company’s stock after buying an additional 7,694 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in New York Times Company (The) were worth $784,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of New York Times Company (The) during the fourth quarter worth $19,709,000. Thrivent Financial for Lutherans raised its position in shares of New York Times Company (The) by 8.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,770 shares of the company’s stock worth $276,000 after buying an additional 1,680 shares in the last quarter. AQR Capital Management LLC raised its position in shares of New York Times Company (The) by 5.2% in the fourth quarter. AQR Capital Management LLC now owns 1,597,656 shares of the company’s stock worth $21,249,000 after buying an additional 78,468 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of New York Times Company (The) by 1.8% in the fourth quarter. Guggenheim Capital LLC now owns 24,752 shares of the company’s stock worth $329,000 after buying an additional 430 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of New York Times Company (The) by 138.2% in the fourth quarter. Two Sigma Investments LP now owns 136,843 shares of the company’s stock worth $1,820,000 after buying an additional 79,404 shares in the last quarter. Institutional investors own 63.18% of the company’s stock.

Shares of New York Times Company (NYT) traded up 0.82% during mid-day trading on Tuesday, reaching $18.40. The company’s stock had a trading volume of 1,230,443 shares. New York Times Company has a 1-year low of $10.60 and a 1-year high of $18.50. The company’s 50 day moving average price is $17.65 and its 200-day moving average price is $15.67. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 60.33 and a beta of 1.80.

New York Times Company (The) (NYSE:NYT) last released its earnings results on Wednesday, May 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. New York Times Company (The) had a return on equity of 11.53% and a net margin of 3.21%. The company had revenue of $398.80 million for the quarter, compared to analysts’ expectations of $381.62 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts predict that New York Times Company will post $0.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Wednesday, July 12th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, July 10th. New York Times Company (The)’s payout ratio is 51.61%.

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Several analysts recently commented on the company. Zacks Investment Research raised New York Times Company (The) from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Friday, May 5th. Jefferies Group LLC raised their target price on New York Times Company (The) from $12.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, May 4th. Finally, Barclays PLC raised their target price on New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.45.

In related news, SVP R Anthony Benten sold 13,200 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the sale, the senior vice president now owns 49,376 shares in the company, valued at approximately $868,523.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.70% of the company’s stock.

New York Times Company (The) Company Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

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