<div id="readability-page-1"><p>Abrams Bison Investments LLC purchased a new position in  The New York Times Company (NYSE:NYT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor  purchased 1,410,000 shares of the company's stock, valued at approximately $78,932,000. New York Times accounts for about  7.4% of Abrams Bison Investments LLC's investment portfolio, making the stock its 7th biggest holding. Abrams Bison Investments LLC owned 0.86% of New York Times at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>New York Times</strong> alerts:</span></p></div><ul><li>Microsoft is new cybersecurity titan, challenging big tech rivals</li></ul><p>Several other institutional investors also recently bought and sold shares of NYT. Jump Financial LLC grew its stake in  New York Times by 362.7% in the 2nd quarter. Jump Financial LLC now owns 153,506 shares of the company's stock valued at $8,593,000 after acquiring an additional 120,327 shares during the period.  First Citizens Bank &amp; Trust Co. lifted its holdings in  New York Times by 264.0% during the second quarter. First Citizens Bank &amp; Trust Co. now owns 16,951 shares of the company's stock valued at $949,000 after purchasing an additional 12,294 shares in the last quarter.  Robeco Institutional Asset Management B.V. grew its position in shares of  New York Times by 49.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 195,724 shares of the company's stock valued at $10,957,000 after purchasing an additional 65,175 shares during the period.  Wealth Enhancement Advisory Services LLC grew its position in shares of  New York Times by 154.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,522 shares of the company's stock valued at $3,685,000 after purchasing an additional 39,149 shares during the period.  Finally, Element Capital Management LLC purchased a new stake in shares of  New York Times during the first quarter worth about $2,742,000. 95.37% of the stock is owned by institutional investors and hedge funds. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of brokerages recently weighed in on NYT. Evercore ISI  reaffirmed an &#34;outperform&#34; rating on shares of New York Times in a research note on Thursday, November 6th. Morgan Stanley raised their target price on New York Times from $59.00 to $62.00 and gave the company an &#34;equal weight&#34; rating in a research report on Thursday, November 6th. Barclays lifted their price target on New York Times from $52.00 to $55.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Thursday, November 6th. Zacks Research downgraded New York Times from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Monday, September 8th. Finally, Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of New York Times in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, New York Times  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $63.57.</p><ul><li>New Disney investor propels stock to ranks of best S&amp;P gainers</li></ul><p><b>View Our Latest Research Report on NYT</b></p><h2>New York Times Stock Performance</h2><p>NYSE:NYT opened at $67.92 on Friday. The New York Times Company has a one year low of $44.83 and a one year high of $68.48. The stock has a market cap of $11.03 billion, a PE ratio of 33.13, a P/E/G ratio of 1.69 and a beta of 1.16. The stock has a 50 day moving average price of $60.59 and a 200 day moving average price of $58.00. </p><p>New York Times (NYSE:NYT - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. New York Times had a return on equity of 20.30% and a net margin of 12.29%.The company had revenue of $700.82 million during the quarter, compared to analysts' expectations of $692.01 million. During the same period in the prior year, the business earned $0.45 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis.  As a group, analysts predict that  The New York Times Company will post 2.08 earnings per share for the current fiscal year. </p><h2>New York Times Announces Dividend</h2><p>The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, October 8th. New York Times's payout ratio is presently 35.12%. </p><h2>About New York Times</h2> (Free Report)<p>The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than New York Times</li><li>Compound Interest and Why It Matters When Investing</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><strong>Want to see what other hedge funds are holding NYT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The New York Times Company (NYSE:NYT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5ZVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5ZVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in New York Times Right Now?</h2><p>Before you consider New York Times, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Times wasn't on the list.</p><p>While New York Times currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Abrams Bison Investments LLC acquired 1,410,000 shares of The New York Times Company, valued at $78,932,000, making it their 7th largest holding. Institutional investors own 95.37% of NYT stock. Analysts have mixed ratings, with a consensus target price of $63.57. NYT's stock opened at $67.92, with a market cap of $11.03 billion. The company reported strong earnings and announced a quarterly dividend of $0.18 per share.</p>

Abrams Bison Investments LLC Purchases New Position in The New York Times Company $NYT