Fox Run Management L.L.C. Lowers Position in The New York Times Company (NYSE:NYT)

Fox Run Management L.L.C. trimmed its holdings in shares of The New York Times Company (NYSE:NYT) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,289 shares of the company’s stock after selling 3,439 shares during the quarter. Fox Run Management L.L.C.’s holdings in New York Times were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its holdings in shares of New York Times by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock worth $260,000 after purchasing an additional 193 shares in the last quarter. Brown Financial Advisors grew its stake in New York Times by 2.3% in the 4th quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock worth $468,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc grew its stake in New York Times by 0.7% in the 4th quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock worth $1,789,000 after buying an additional 224 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of New York Times by 1.2% in the 4th quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock worth $999,000 after buying an additional 228 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised 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 buying an additional 247 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

New York Times Trading Up 1.0 %

NYSE NYT opened at $49.11 on Wednesday. The firm has a market cap of $8.02 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16. The stock has a 50-day moving average of $50.11 and a 200-day moving average of $52.78.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share 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, equities research analysts forecast that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, April 1st. This is a positive change from New York Times’s previous quarterly dividend of $0.13. 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.