Key Points
- EVP William Bardeen sold 4,121 shares of New York Times stock on May 12 at an average price of $77.85, totaling about $320,820. After the sale, he still held 14,560 shares, and the transaction reduced his ownership by 22.06%.
- New York Times reported stronger-than-expected Q1 results, posting EPS of $0.61 versus the $0.49 consensus estimate and revenue of $712.24 million, up 12% year over year. The company also posted solid profitability metrics, including a 22.02% return on equity.
- Analysts remain generally constructive on NYT, with a consensus rating of “Moderate Buy” and an average price target of $80.78. Recent firm targets range as high as $92, even as some analysts maintain neutral views.
The New York Times Company (NYSE:NYT - Get Free Report) EVP William Bardeen sold 4,121 shares of New York Times stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the sale, the executive vice president owned 14,560 shares in the company, valued at $1,133,496. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
William Bardeen also recently made the following trade(s):
- On Tuesday, March 3rd, William Bardeen sold 13,000 shares of New York Times stock. The shares were sold at an average price of $79.56, for a total value of $1,034,280.00.
New York Times Price Performance
NYT opened at $75.39 on Friday. The company has a fifty day moving average price of $80.93 and a 200-day moving average price of $72.88. The firm has a market capitalization of $12.20 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. The New York Times Company has a one year low of $51.03 and a one year high of $87.10.
New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm had revenue of $712.24 million during the quarter, compared to analyst estimates of $699.93 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. On average, analysts expect that The New York Times Company will post 2.9 earnings per share for the current year.
Institutional Trading of New York Times
Several hedge funds have recently modified their holdings of NYT. Empowered Funds LLC bought a new stake in New York Times in the first quarter worth about $442,000. Focus Partners Wealth raised its holdings in shares of New York Times by 52.2% in the 1st quarter. Focus Partners Wealth now owns 11,640 shares of the company's stock valued at $577,000 after purchasing an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in New York Times by 690.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company's stock valued at $42,000 after acquiring an additional 739 shares in the last quarter. Baird Financial Group Inc. purchased a new position in New York Times in the second quarter valued at about $306,000. Finally, Cerity Partners LLC raised its stake in shares of New York Times by 70.2% during the 2nd quarter. Cerity Partners LLC now owns 55,423 shares of the company's stock worth $3,103,000 after acquiring an additional 22,853 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.
New York Times News Roundup
Here are the key news stories impacting New York Times this week:
- Positive Sentiment: Recent coverage from Zacks described The New York Times Company as a top long-term growth stock, reinforcing the bullish case for its subscription-driven business model. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
- Positive Sentiment: MarketBeat noted Berkshire Hathaway’s New York Times position, which may support investor confidence in NYT’s long-term value. How Berkshire’s New York Times Bet Looks Today
- Neutral Sentiment: The New York Times published several major news stories, including political, economic, and investigative reporting, but these are unlikely to move the stock by themselves unless they support readership or engagement trends. Two of the World’s Most Powerful Men Are About to Meet
- Neutral Sentiment: The company’s broad editorial output remains active across politics, business, and international news, which is generally more relevant to audience engagement than near-term earnings. In a City of Big Dreams, Many Young Adults See a Cloudy Future
- Negative Sentiment: EVP William Bardeen sold 4,121 shares at $77.85, a disclosure that may be viewed as a modest negative signal for NYT shares. SEC insider transaction filing
Wall Street Analyst Weigh In
NYT has been the subject of a number of recent research reports. Evercore reissued an "outperform" rating and set a $92.00 price target on shares of New York Times in a research report on Thursday, May 7th. Morgan Stanley set a $90.00 price objective on shares of New York Times in a research report on Thursday, May 7th. Bank of America assumed coverage on New York Times in a research report on Wednesday, April 22nd. They issued a "neutral" rating and a $84.00 price objective on the stock. Guggenheim increased their price objective on New York Times from $63.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of New York Times from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $80.78.
View Our Latest Analysis on NYT
New York Times Company Profile
(
Get Free Report)
The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.
Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.
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