Carso S.A. De C.V. Inversora Sells 360,000 Shares of New York Times Co (NYT) Stock

New York Times Co (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 360,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $22.90, for a total value of $8,244,000.00. Following the transaction, the insider now directly owns 16,123,175 shares in the company, valued at approximately $369,220,707.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carso S.A. De C.V. Inversora also recently made the following trade(s):

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  • On Thursday, April 12th, Carso S.A. De C.V. Inversora sold 264,000 shares of New York Times stock. The stock was sold at an average price of $23.07, for a total value of $6,090,480.00.
  • On Tuesday, April 10th, Carso S.A. De C.V. Inversora sold 500,000 shares of New York Times stock. The stock was sold at an average price of $23.24, for a total value of $11,620,000.00.
  • On Tuesday, April 3rd, Carso S.A. De C.V. Inversora sold 1,500,000 shares of New York Times stock. The stock was sold at an average price of $23.42, for a total value of $35,130,000.00.
  • On Monday, March 12th, Carso S.A. De C.V. Inversora sold 70,000 shares of New York Times stock. The stock was sold at an average price of $25.15, for a total value of $1,760,500.00.
  • On Monday, February 26th, Carso S.A. De C.V. Inversora sold 18,800 shares of New York Times stock. The stock was sold at an average price of $25.55, for a total value of $480,340.00.
  • On Thursday, February 22nd, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times stock. The stock was sold at an average price of $25.53, for a total value of $255,300.00.
  • On Friday, February 9th, Carso S.A. De C.V. Inversora sold 90,000 shares of New York Times stock. The stock was sold at an average price of $24.13, for a total value of $2,171,700.00.

Shares of NYSE:NYT opened at $22.40 on Friday. New York Times Co has a 12-month low of $14.20 and a 12-month high of $25.70. The company has a market cap of $3,691.97, a PE ratio of 28.00, a PEG ratio of 1.93 and a beta of 1.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.80 and a quick ratio of 1.80.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. New York Times had a return on equity of 14.84% and a net margin of 0.26%. The company had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $467.30 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. sell-side analysts predict that New York Times Co will post 0.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, April 3rd. New York Times’s dividend payout ratio is presently 20.00%.

A number of brokerages have weighed in on NYT. ValuEngine raised New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded New York Times from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a research report on Wednesday, April 11th. Finally, Barclays set a $20.00 price target on New York Times and gave the stock a “hold” rating in a research report on Sunday, February 11th.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of New York Times by 37.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock worth $160,000 after acquiring an additional 2,333 shares during the period. Macquarie Group Ltd. bought a new stake in shares of New York Times in the third quarter valued at approximately $192,000. Elkfork Partners LLC boosted its stake in shares of New York Times by 143.1% in the fourth quarter. Elkfork Partners LLC now owns 9,840 shares of the company’s stock valued at $182,000 after buying an additional 5,792 shares during the period. HL Financial Services LLC bought a new stake in shares of New York Times in the fourth quarter valued at approximately $185,000. Finally, Bluestein R H & Co. bought a new stake in shares of New York Times in the fourth quarter valued at approximately $185,000. Institutional investors own 72.11% of the company’s stock.

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New York Times Company Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

Insider Buying and Selling by Quarter for New York Times (NYSE:NYT)

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