New York Times Company (The) (NYT) Stake Increased by Rhumbline Advisers

Rhumbline Advisers raised its position in New York Times Company (The) (NYSE:NYT) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 249,629 shares of the company’s stock after acquiring an additional 5,240 shares during the period. Rhumbline Advisers owned approximately 0.15% of New York Times worth $4,893,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NYT. Great West Life Assurance Co. Can increased its holdings in shares of New York Times by 15.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 79,483 shares of the company’s stock valued at $1,402,000 after purchasing an additional 10,560 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of New York Times in the 2nd quarter valued at about $1,214,000. Oregon Public Employees Retirement Fund increased its holdings in shares of New York Times by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 44,550 shares of the company’s stock valued at $789,000 after purchasing an additional 1,862 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of New York Times by 1.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 500,117 shares of the company’s stock valued at $8,852,000 after purchasing an additional 9,226 shares in the last quarter. Finally, Quinn Opportunity Partners LLC increased its holdings in shares of New York Times by 14.8% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 185,700 shares of the company’s stock valued at $3,287,000 after purchasing an additional 24,000 shares in the last quarter. Institutional investors own 67.92% of the company’s stock.

Shares of New York Times Company (NYSE:NYT) traded down $0.15 on Monday, hitting $18.65. 845,800 shares of the stock were exchanged, compared to its average volume of 1,042,950. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $3,024.23, a P/E ratio of 25.90 and a beta of 1.64. New York Times Company has a 1-year low of $12.65 and a 1-year high of $20.15.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. New York Times had a net margin of 6.02% and a return on equity of 13.46%. The firm had revenue of $385.60 million during the quarter, compared to the consensus estimate of $390.13 million. During the same period last year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. equities analysts forecast that New York Times Company will post 0.72 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Jefferies Group reiterated a “hold” rating and issued a $18.00 price target on shares of New York Times in a report on Monday, October 16th. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a report on Friday. Finally, Zacks Investment Research upgraded shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. New York Times has a consensus rating of “Hold” and an average target price of $15.45.

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New York Times 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.

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

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