New York Times Co (NYSE: NYT) is 14.19% higher on its value in year-to-date trading and has touched a low of $41.02 and a high of $57.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NYT stock was last observed hovering at around $53.25 in the last trading session, with the day’s gains setting it 2.69%.
Currently trading at $55.94, the stock is 1.32% and 2.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 5.05% at the moment leaves the stock 12.38% off its SMA200. NYT registered 35.02% gain for a year compared to 6-month gain of 17.18%. The firm has a 50-day simple moving average (SMA 50) of $54.748 and a 200-day simple moving average (SMA200) of $49.74195.
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The stock witnessed a 1.88% loss in the last 1 month and extending the period to 3 months gives it a 4.15%, and is 0.07% up 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 3.24% over the week and 1.84% over the month.
New York Times Co (NYT) has around 5900 employees, a market worth around $9.19B and $2.54B in sales. Current P/E ratio is 33.11 and Fwd P/E is 26.98. Profit margin for the company is 11.04%. Distance from 52-week low is 36.37% and -2.00% from its 52-week high. The company has generated returns on investments over the last 12 months (15.12%).
New York Times Co quarterly earnings per share for the current quarter are estimated at 0.74 with sales reaching $723M over the same period.The EPS is expected to grow by 16.16% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
583.0 institutions hold shares in New York Times Co (NYT), with institutional investors hold 93.23% of the company’s shares. The shares outstanding are 163.76M, and float is at 159.83M with Short Float at 2.50%. Institutions hold 91.65% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.81 million shares valued at $809.47 million. The investor’s holdings represent 9.6013 of the NYT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.35 million shares valued at $734.62 million to account for 8.7136 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 10.13 million shares representing 6.153 and valued at over $518.75 million, while FARALLON CAPITAL MANAGEMENT LLC holds 6.0255 of the shares totaling 9.92 million with a market value of $508.0 million.
New York Times Co (NYT) Insider Activity
The most recent transaction is an insider sale by KOPIT LEVIEN MEREDITH A., the company’s PRESIDENT & CEO. SEC filings show that KOPIT LEVIEN MEREDITH A. sold 18,300 shares of the company’s common stock on Aug 12 ’24 at a price of $53.92 per share for a total of $0.99 million. Following the sale, the insider now owns 0.1 million shares.
New York Times Co disclosed in a document filed with the SEC on Aug 09 ’24 that Bardeen William (Chief Financial Officer) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $54.56 per share for $0.11 million. Following the transaction, the insider now directly holds 10315.0 shares of the NYT stock.
Still, SEC filings show that on Aug 12 ’24, KOPIT LEVIEN MEREDITH A. (Officer) Proposed Sale 18,300 shares at an average price of $53.92 for $0.99 million. The insider now directly holds shares of New York Times Co (NYT).
