New York Times Co. (NYSE: NYT) is -11.68% lower on its value in year-to-date trading and has touched a low of $35.06 and a high of $49.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NYT stock was last observed hovering at around $43.61 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $43.27, the stock is -0.46% and -5.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -0.78% at the moment leaves the stock 0.17% off its SMA200. NYT registered 16.88% gain for a year compared to 6-month gain of 1.93%. The firm has a 50-day simple moving average (SMA 50) of $2.76 and a 200-day simple moving average (SMA200) of $16.81.
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The stock witnessed a -2.74% loss in the last 1 month and extending the period to 3 months gives it a -7.01%, and is -1.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.70% over the week and 1.86% over the month.
New York Times Co. (NYT) has around 5900 employees, a market worth around $7.10B and $2.43B in sales. Current P/E ratio is 30.82 and Fwd P/E is 23.23. Profit margin for the company is 9.58%. Distance from 52-week low is 23.42% and -13.23% from its 52-week high. The company has generated returns on investments over the last 12 months (12.87%).
New York Times Co. quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $591.98M over the same period.The EPS is expected to grow by 2.87% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.
New York Times Co. (NYT) Top Institutional Holders
540 institutions hold shares in New York Times Co. (NYT), with institutional investors hold 93.63% of the company’s shares. The shares outstanding are 163.76M, and float is at 159.63M with Short Float at 3.02%. Institutions hold 92.04% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 15.84 million shares valued at $623.63 million. The investor’s holdings represent 9.68% of the NYT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.88 million shares valued at $546.75 million to account for 8.49% of the shares outstanding. The other top investors are ValueAct Holdings, L.P. which holds 13.41 million shares representing 8.20% and valued at over $528.11 million, while Stockbridge Partners LLC holds 5.10% of the shares totaling 8.35 million with a market value of $328.81 million.
New York Times Co. (NYT) Insider Activity
The most recent transaction is an insider sale by Brayton Diane,the company’sEVP, GENERAL COUNSEL. SEC filings show that Brayton Diane sold 7,000 shares of the company’s common stock on Feb 22 ’24 at a price of $42.84 per share for a total of $0.3 million. Following the sale, the insider now owns 39312.0 shares.
New York Times Co. disclosed in a document filed with the SEC on Feb 16 ’24 that KOPIT LEVIEN MEREDITH A. (PRESIDENT & CEO) sold a total of 13,543 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $44.11 per share for $0.6 million. Following the transaction, the insider now directly holds 90759.0 shares of the NYT stock.
Still, SEC filings show that on Feb 14 ’24, Perpich David S. (Director) disposed off 3,014 shares at an average price of $44.03 for $0.13 million. The insider now directly holds 20,813 shares of New York Times Co. (NYT).
