Healthcare of Ontario Pension Plan Trust Fund Invests $3.65 Million in The New York Times Company (NYSE:NYT)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in The New York Times Company (NYSE:NYT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 65,471 shares of the company’s stock, valued at approximately $3,645,000.

Several other hedge funds have also bought and sold shares of NYT. Price T Rowe Associates Inc. MD raised its position in shares of New York Times by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,988 shares of the company’s stock valued at $4,063,000 after buying an additional 6,776 shares in the last quarter. Janus Henderson Group PLC raised its position in New York Times by 72.9% during the first quarter. Janus Henderson Group PLC now owns 122,820 shares of the company’s stock valued at $5,308,000 after purchasing an additional 51,801 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in New York Times by 9.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,743 shares of the company’s stock worth $278,000 after purchasing an additional 581 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of New York Times by 391.9% in the 1st quarter. Tidal Investments LLC now owns 25,009 shares of the company’s stock worth $1,081,000 after purchasing an additional 19,925 shares in the last quarter. Finally, Comerica Bank increased its position in shares of New York Times by 15.6% during the 1st quarter. Comerica Bank now owns 83,282 shares of the company’s stock valued at $3,599,000 after purchasing an additional 11,234 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NYT. JPMorgan Chase & Co. upped their target price on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Barclays increased their target price on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

New York Times Stock Down 0.2 %

Shares of NYT opened at $54.26 on Friday. The stock has a market capitalization of $8.90 billion, a P/E ratio of 32.11, a PEG ratio of 1.73 and a beta of 1.02. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $57.08. The firm has a fifty day simple moving average of $54.82 and a two-hundred day simple moving average of $53.23.

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

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, October 9th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. New York Times’s dividend payout ratio (DPR) is presently 30.77%.

About New York Times

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.