34 Institutional Investors Exited Positions In The New York Times Company (NYT)

The New York Times Company (NYSE:NYT) went up to recover about 28.64% since recording its record low price of $19.55. The stock experienced 2.19% jump, arriving at $25.15 on 01/16/2019. During the day, the stock price traveled from $24.65 to $25.16. This company shares are 15.31% off its target price of $29 and the current market capitalization stands at $4.08B. The recent change has given its price a 0.64% lead over SMA 50 and -12.43% deficit over its 52-week high. The stock witnessed 2.69% gains, -1.37% declines and -2.71% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NYT’s volatility during a week at 2.26% and during a month it has been found around 3.15%.

The New York Times Company (NYT) Top Holders

Institutional investors currently hold around $3.72 billion or 93.4% in NYT stock. Look at its top three institutional owners. Blackrock Inc. owns $397.03 million in The New York Times Company, which represents roughly 9.73% of the company’s market cap and approximately 10.67% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 15,244,508 shares of the stock are valued at $375.17 million. The third largest holder is Darsana Capital Partners Lp, which currently holds $369.15 million worth of this stock and that ownership represents nearly 9.05% of its market capitalization.

The New York Times Company 13F Filings

At the end of September reporting period, 117 institutional holders increased their position in The New York Times Company (NYSE:NYT) by some 13,503,059 shares, 103 decreased positions by 11,840,634 and 52 held positions by 125,823,520. That puts total institutional holdings at 151,167,213 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 3,486,650 shares while 34 institutional investors sold out their entire positions totaling 4,000,640 shares.

The New York Times Company (NYSE:NYT) Insider Trades

Multiple company employees have indulged in significant insider trading. The New York Times Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that PRESIDENT & CEO Thompson Mark has sold 40,000 shares of The New York Times Company (NYT) in trading session dated Nov. 15, 2018. These shares are worth $1,036,000 and were traded at $25.9 each. The SEC filing shows that Benten R Anthony performed a sale of 11,015 shares. The SVP, Treasurer & Controller disposed these shares by way of transaction on Nov. 08, 2018. The company’s shares were given away at $27.67 per share worth to an income of some $304,785 on account of Benten R Anthony.

Director, Sulzberger Arthur Jr, sold 66,000 common shares of The New York Times Company (NYT) in the open market. In a transaction dated Nov. 05, 2018, the shares were put up for sale at an average price of $28, raking in a sum of $1,848,000. After this sale, 280,199 common shares of NYT are directly owned by the insider, with total stake valued at $7,047,005.

In the transaction dated Nov. 05, 2018, the great number of shares disposed came courtesy the Director; Denham Robert E disposed a total of 3,492 shares at an average price of $27.84, amounting to approximately $97,217. The insider now directly owns 49,745 shares worth $1,251,087.

The New York Times Company (NYT) Analyst Guide

Several analysts have released their opinion on The New York Times Company (NYSE:NYT), with 0 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.83 average brokerage recommendation.