The stock of New York Times Co (NYSE:NYT) hit a new 52-week low and has $9.94 target or 8.00% below today’s $10.80 share price. The 8 months bearish chart indicates high risk for the $1.71B company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $9.94 price target is reached, the company will be worth $136.80 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 454,417 shares traded hands. New York Times Co (NYSE:NYT) has declined 13.49% since March 30, 2016 and is downtrending. It has underperformed by 16.51% the S&P500.
Analysts await New York Times Co (NYSE:NYT) to report earnings on November, 3. They expect $0.06 EPS, down 33.33% or $0.03 from last year’s $0.09 per share. NYT’s profit will be $9.50 million for 45.00 P/E if the $0.06 EPS becomes a reality. After $0.11 actual EPS 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. The rating was upgraded by TheStreet to “Buy” on Tuesday, August 18. The firm has “Hold” rating by FBR Capital given on Thursday, August 6.
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 Q2 2016. Its down 0.18, from 1.09 in 2016Q1. The ratio fall, 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.
Great West Life Assurance Can has invested 0% of its portfolio in New York Times Co (NYSE:NYT). Eaton Vance Mngmt reported 35,627 shares or 0% of all its holdings. Trust Of Vermont accumulated 1,000 shares or 0% of the stock. Amalgamated Commercial Bank last reported 15,426 shares in the company. Gateway Advisers Limited Liability accumulated 0.01% or 86,999 shares. Cantab Prns Ltd Liability Partnership has 65,264 shares for 0% of their US portfolio. Employees Retirement Association Of Colorado holds 32,582 shares or 0% of its portfolio. Paloma Prns Mgmt Com has invested 0.01% of its portfolio in New York Times Co (NYSE:NYT). Cipher Capital L P has 95,710 shares for 0.08% of their US portfolio. Winslow Evans And Crocker owns 10,802 shares or 0% of their US portfolio. Teacher Retirement Sys Of Texas holds 0% or 18,043 shares in its portfolio. Valueworks Limited Liability Corporation, a New York-based fund reported 378,202 shares. Moreover, Advantus Cap Mngmt has 0.01% invested in New York Times Co (NYSE:NYT) for 14,931 shares. Profund Advsr Ltd Liability Corporation holds 0.02% of its portfolio in New York Times Co (NYSE:NYT) for 28,414 shares. Jpmorgan Chase & accumulated 0% or 2,952 shares.
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 6 insider sales for $2.25 million net activity. $323,071 worth of New York Times Co (NYSE:NYT) shares were sold by Richieri Kenneth A. Shares for $675,191 were sold by FOLLO JAMES M on Monday, May 16. KOPIT LEVIEN MEREDITH A. sold $348,961 worth of stock. Shares for $174,494 were sold by BENTEN R ANTHONY.
More notable recent New York Times Co (NYSE:NYT) news were published by: Nytimes.com which released: “Michael Golden, Vice Chairman of Times Co., to Retire” on October 31, 2016, also Nytimes.com with their article: “Co-op Upgrades: Necessities or Frills?” published on October 28, 2016, Nytimes.com published: “Tips for handling a toxic co-worker (and how to avoid becoming one)” on October 21, 2016. More interesting news about New York Times Co (NYSE:NYT) were released by: Nytimes.com and their article: “Real Estate” published on October 03, 2016 as well as Nytimes.com‘s news article titled: “New Oxford Shakespeare Edition Credits Christopher Marlowe as a Co-author” with publication date: October 24, 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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