Jane Street Group LLC Takes $8.85 Million Position in New York Times Co (NYSE:NYT)

Jane Street Group LLC purchased a new stake in shares of New York Times Co (NYSE:NYT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 271,417 shares of the company’s stock, valued at approximately $8,854,000. Jane Street Group LLC owned about 0.16% of New York Times as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NYT. Steward Partners Investment Advisory LLC purchased a new stake in shares of New York Times during the second quarter valued at approximately $32,000. Trustcore Financial Services LLC purchased a new stake in New York Times in the second quarter worth approximately $41,000. FNY Investment Advisers LLC purchased a new stake in New York Times in the second quarter worth approximately $80,000. Natixis purchased a new stake in New York Times in the second quarter worth approximately $202,000. Finally, Gillespie Robinson & Grimm Inc. purchased a new stake in New York Times in the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.

NYT stock traded up $0.43 on Friday, hitting $29.01. The company had a trading volume of 1,834,470 shares, compared to its average volume of 1,395,917. New York Times Co has a 12-month low of $21.34 and a 12-month high of $36.25. The stock’s 50-day simple moving average is $29.94 and its 200 day simple moving average is $32.75. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 35.81 and a beta of 1.20.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. New York Times had a net margin of 7.55% and a return on equity of 13.40%. The company had revenue of $436.30 million for the quarter, compared to analysts’ expectations of $439.20 million. During the same quarter last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts anticipate that New York Times Co will post 0.81 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of New York Times from a “sell” rating to a “hold” rating and set a $32.00 target price on the stock in a report on Wednesday, September 11th. Evercore ISI set a $38.00 target price on shares of New York Times and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, ValuEngine cut shares of New York Times from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $32.20.

About New York Times

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

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

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