New York Times Co Class A (NYSE:NYT) COO Levien Meredith A. Kopit sold 8,354 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $22.76, for a total value of $190,137.04. Following the transaction, the chief operating officer now directly owns 45,389 shares of the company’s stock, valued at $1,033,053.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NYT stock opened at $23.15 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market cap of $3.73 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.65. New York Times Co Class A has a 1-year low of $16.95 and a 1-year high of $26.85.

New York Times Co Class A (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. New York Times Co Class A had a return on equity of 15.00% and a net margin of 1.24%. The firm had revenue of $414.60 million during the quarter, compared to the consensus estimate of $411.25 million. During the same period in the prior year, the company earned $0.18 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. sell-side analysts forecast that New York Times Co Class A will post 0.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 26th. Investors of record on Wednesday, July 11th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, July 10th. New York Times Co Class A’s dividend payout ratio is currently 20.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CSat Investment Advisory L.P. acquired a new position in New York Times Co Class A in the 2nd quarter valued at $120,000. Adviser Investments LLC acquired a new position in New York Times Co Class A in the 2nd quarter valued at $190,000. Perigon Wealth Management LLC acquired a new position in New York Times Co Class A in the 1st quarter valued at $181,000. D.A. Davidson & CO. acquired a new position in New York Times Co Class A in the 2nd quarter valued at $201,000. Finally, Cubist Systematic Strategies LLC acquired a new position in New York Times Co Class A in the 1st quarter valued at $202,000. 82.93% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on NYT shares. JPMorgan Chase & Co. raised New York Times Co Class A from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research note on Monday, April 30th. JP Morgan Cazenove reaffirmed an “overweight” rating on shares of New York Times Co Class A in a research note on Monday, April 30th. Zacks Investment Research downgraded New York Times Co Class A from a “hold” rating to a “strong sell” rating in a research note on Friday, August 10th. Finally, ValuEngine downgraded New York Times Co Class A from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. New York Times Co Class A has a consensus rating of “Hold” and an average target price of $22.75.

About New York Times Co Class A

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides 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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Insider Buying and Selling by Quarter for New York Times Co Class A (NYSE:NYT)

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