New York Times (NYT) Receiving Somewhat Favorable Media Coverage, Study Shows

Elias Hubbard
June 5, 2017

In other news, Director Doreen A. Toben sold 8,000 shares of the company's stock in a transaction on Tuesday, February 14th. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. Renaissance Technologies LLC increased its stake in New York Times by 16.3% in the first quarter.

The number of shares traded in the last trading session was 2.09 Million. Schwab Charles Investment Management Inc. increased its stake in New York Times by 9.1% in the first quarter. State Treasurer State of MI now owns 49,500 shares of the company's stock worth $713,000 after buying an additional 500 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of New York Times during the fourth quarter valued at approximately $224,000. Louisiana State Employees Retirement System now owns 30,800 shares of the company's stock worth $444,000 after buying an additional 700 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of New York Times during the first quarter valued at approximately $210,000. Finally, Advantus Capital Management Inc increased its stake in shares of New York Times by 3.1% in the first quarter. Levin Capital Strategies L.P. now owns 84,761 shares of the company's stock worth $1,221,000 after buying an additional 1,450 shares during the last quarter. Institutional investors and hedge funds own 62.66% of the company's stock.

Many analysts have provided their estimated foresights on The New York Times Company Earnings, with 3 analysts believing the company would generate an Average Estimate of $0.14.

The company reported an impressive total revenue of 1.56 Billion in the last fiscal year. New York Times has a 52 week low of $10.60 and a 52 week high of $17.45.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 28.65%, and has a solid year to date (YTD) performance of 32.71% which means the stock is constantly adding to its value from the previous fiscal year end price.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.04, Briefing.com reports. The business had revenue of $398.80 million for the quarter, compared to analyst estimates of $381.62 million. New York Times had a net margin of 1.87% and a return on equity of 11.87%. The company's quarterly revenue was up 5.1% compared to the same quarter previous year.

COPYRIGHT VIOLATION NOTICE: "New York Times Co (NYT) Issues Earnings Results, Beats Expectations By $0.04 EPS" was originally published by Markets Daily and is the sole property of of Markets Daily.

NYT has been the topic of a number of research reports.

12/29/2016 - New York Times Company (The) had its "hold" rating reiterated by analysts at Argus. Finally, Jefferies Group LLC lifted their target price on New York Times from $12.00 to $15.00 and gave the company a "hold" rating in a research report on Thursday, May 4th. They set a "sell" rating and a $7.80 price target on the stock.

According to the the latest analyst ratings which have been released, 0 brokers have issued a rating of "buy", 0 brokers "outperform", 4 brokers "hold", 1 brokers "underperform" and 0 brokers "sell". The stock presently has an average rating of "Hold" and a consensus target price of $13.93.

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