Price Action To Observe: New York Times Co’s Trend Down, Especially After Today’s 52-Week Low Hit

Price Action To Observe: New York Times Co's Trend Down, Especially After Today's 52 Week Low Hit

The stock of New York Times Co (NYSE:NYT) hit a new 52-week low and has $10.78 target or 5.00% below today’s $11.35 share price. The 9 months bearish chart indicates high risk for the $1.81 billion company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $10.78 price target is reached, the company will be worth $90.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 145,897 shares traded hands. New York Times Co (NYSE:NYT) has declined 9.70% since March 14, 2016 and is downtrending. It has underperformed by 15.31% the S&P500.

Analysts await New York Times Co (NYSE:NYT) to report earnings on November, 3. They expect $0.06 earnings per share, down 33.33% or $0.03 from last year’s $0.09 per share. NYT’s profit will be $9.57 million for 47.29 P/E if the $0.06 EPS becomes a reality. After $0.11 actual earnings per share reported by New York Times Co for the previous quarter, Wall Street now forecasts -45.45% negative EPS growth.

New York Times Co (NYSE:NYT) Ratings Coverage

Out of 2 analysts covering New York Times (NYSE:NYT), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. New York Times has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, August 6, the company rating was maintained by FBR Capital. The stock of New York Times Co (NYSE:NYT) has “Buy” rating given on Tuesday, August 18 by TheStreet.

According to Zacks Investment Research, “New York Times Company is a diversified media company including newspapers, television and radio stations, magazines, electronic information and publishing, Internet businesses, and forest products investments. The Company currently classifies its businesses into the following segments: Newspapers, Broadcasting, Magazines, and Forest Product Investments and Other Joing Ventures.”

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.18, from 1.09 in 2016Q1. The ratio turned negative, as 20 funds sold all New York Times Co shares owned while 60 reduced positions. 21 funds bought stakes while 52 increased positions. They now own 100.04 million shares or 1.99% less from 102.07 million shares in 2016Q1.
The Illinois-based Envestnet Asset has invested 0% in New York Times Co (NYSE:NYT). Aperio Grp Ltd Liability Corp last reported 0% of its portfolio in the stock. Sg Americas Limited Liability Corp holds 186,314 shares or 0.02% of its portfolio. Clinton Gru last reported 47,757 shares in the company. Proshare Ltd Co, a Maryland-based fund reported 26,124 shares. Peoples Financial Service last reported 600 shares in the company. The Illinois-based Aston Asset Mngmt Limited Liability has invested 1.27% in New York Times Co (NYSE:NYT). Vantage Investment Advsr Ltd last reported 100 shares in the company. Moreover, Blackrock Fund Advisors has 0.02% invested in New York Times Co (NYSE:NYT) for 6.10 million shares. Capstone Investment Advsrs Limited Com last reported 0.01% of its portfolio in the stock. Principal Financial Gp Inc last reported 0.01% of its portfolio in the stock. Legal And General Public Limited Liability has 32,611 shares for 0% of their US portfolio. Hanson & Doremus Inv Mgmt accumulated 0% or 500 shares. Cipher Capital Limited Partnership holds 0.08% of its portfolio in New York Times Co (NYSE:NYT) for 95,710 shares. Stevens Capital Lp has 0.03% invested in the company for 59,974 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 6 selling transactions for $2.25 million net activity. $675,191 worth of New York Times Co (NYSE:NYT) was sold by FOLLO JAMES M on Monday, May 16. Shares for $348,961 were sold by KOPIT LEVIEN MEREDITH A.. Richieri Kenneth A sold $323,071 worth of stock. 14,464 shares were sold by BENTEN R ANTHONY, worth $174,494 on Thursday, June 2.

More notable recent New York Times Co (NYSE:NYT) news were published by: Nytimes.com which released: “Herbert Irving, Sysco Co-Founder and $300 Million Hospital Donor, Dies at 98” on October 11, 2016, also Nytimes.com with their article: “Peter Thiel to Donate $1.25 Million in Support of Donald Trump” published on October 16, 2016, Nytimes.com published: “Two Women Say Donald Trump Touched Them Inappropriately” on October 12, 2016. More interesting news about New York Times Co (NYSE:NYT) were released by: Nytimes.com and their article: “How Jennifer Vaughan Maanavi, Co-Founder of Physique 57, Spends Her Sundays” published on September 30, 2016 as well as Nytimes.com‘s news article titled: “The Pieces of Zadie Smith” with publication date: October 17, 2016.

NYT Company Profile

The New York Times Company, incorporated on August 26, 1896, is a media organization focused on creating, collecting and distributing news and information. The Firm includes newspapers, digital businesses and investments. The Company’s businesses include newspapers, such as The New York Times (The Times); the International New York Times (INYT), the international edition of The Times; Websites, including NYTimes.com and international.nytimes.com; mobile applications, including The Times news applications, as well as interest-specific applications, such as NYT Cooking, Crossword and others, and related businesses, such as The Times news services division, digital archive distribution, NYT Live (its live events business), and other services and products under The Times brand. The Times is a daily (Monday to Saturday) and Sunday newspaper, and INYT is a daily newspaper. The Company’s content reaches its audience through its print products, Web and mobile platforms.

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