36,047 Shares in The New York Times Company (NYSE:NYT) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in The New York Times Company (NYSE:NYT) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 36,047 shares of the company’s stock, valued at approximately $1,876,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of New York Times by 511.7% in the 4th 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 in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in New York Times in the fourth quarter worth approximately $36,000. UMB Bank n.a. increased its holdings in shares of New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after buying an additional 283 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after acquiring an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of New York Times by 20.2% during the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock worth $131,000 after acquiring an additional 424 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NYT shares. Morgan Stanley cut their target price on New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

New York Times Stock Down 0.0 %

NYT opened at $48.97 on Monday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 27.51, a PEG ratio of 1.75 and a beta of 1.18. The stock has a fifty day moving average of $49.93 and a 200-day moving average of $52.71. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. On average, analysts expect that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. This is a boost from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, April 1st. New York Times’s payout ratio is currently 40.45%.

New York Times Company Profile

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.