Sciencast Management LP Invests $249,000 in The New York Times Company (NYSE:NYT)

Sciencast Management LP bought a new position in The New York Times Company (NYSE:NYT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,779 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in New York Times by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after buying an additional 193 shares in the last quarter. Brown Financial Advisors increased its position in New York Times by 2.3% during the 4th quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock valued at $468,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc increased its position in New York Times by 0.7% during the 4th quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock valued at $1,789,000 after buying an additional 224 shares in the last quarter. Natixis Advisors LLC increased its position in New York Times by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock valued at $999,000 after buying an additional 228 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in 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 buying an additional 247 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NYT shares. Morgan Stanley reduced their price objective on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. StockNews.com upgraded 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 issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

New York Times Trading Up 0.3 %

Shares of NYT opened at $48.72 on Monday. The business’s fifty day simple moving average is $50.21 and its two-hundred day simple moving average is $52.85. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. As a group, research analysts forecast that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a $0.18 dividend. This is an increase from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, April 1st. New York Times’s dividend payout ratio (DPR) is 40.45%.

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.