Teachers Retirement System of The State of Kentucky Sells 1,430 Shares of The New York Times Company (NYSE:NYT)

Teachers Retirement System of The State of Kentucky decreased its position in shares of The New York Times Company (NYSE:NYT) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,184 shares of the company’s stock after selling 1,430 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in New York Times were worth $2,905,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in New York Times by 356.4% in the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the period. Signaturefd LLC increased its position in shares of New York Times by 34.2% in the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock valued at $87,000 after buying an additional 432 shares in the last quarter. Blue Trust Inc. raised its stake in New York Times by 401.8% during the 2nd quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after buying an additional 1,800 shares during the period. GAMMA Investing LLC lifted its holdings in New York Times by 49.7% during the third quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock worth $117,000 after acquiring an additional 698 shares in the last quarter. Finally, Paladin Wealth LLC acquired a new position in New York Times in the third quarter valued at about $172,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Performance

NYSE:NYT opened at $55.07 on Friday. The stock has a 50-day simple moving average of $54.81 and a 200 day simple moving average of $53.62. The New York Times Company has a 52-week low of $41.55 and a 52-week high of $58.16. The company has a market cap of $9.03 billion, a PE ratio of 32.59, a PEG ratio of 1.75 and a beta of 1.00.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company had revenue of $640.20 million during the quarter, compared to analysts’ expectations of $641.00 million. During the same period last year, the business earned $0.37 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.13 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.52 annualized dividend and a yield of 0.94%. New York Times’s payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.83.

New York Times 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.