Shannon River Fund Management LLC Increased New York Times Co (NYT) Stake by $4.19 Million; Shares Rose

The New York Times Company (NYSE:NYT) Corporate LogoBig Money Sentiment decreased to 1.15 in Q3 2018. It has change of 0.16, from 2018Q2’s 1.31. The ratio dropped due to NYT positioning: 27 sold and 55 reduced. 32 funds acquired positions and 62 increased positions. Investors holded 140.92 million in 2018Q2 but now own 141.17 million shares or 0.18% more. Wexford LP holds 0.09% or 60,629 shs in its capital. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 28,670 shs stake. Vantage Advsr has 0% invested in The New York Times Company (NYSE:NYT) for 100 shs. Qvt Financial Limited Partnership has 1.9% invested in The New York Times Company (NYSE:NYT) for 318,272 shs. Credit Agricole S A reported 0% in The New York Times Company (NYSE:NYT). Spears Abacus Advisors Ltd Liability Co owns 12,786 shs. Shine Investment Advisory Services Inc reported 0.01% stake. Panagora Asset Mgmt stated it has 16,972 shs or 0% of all its holdings. Brown Advisory stated it has 0.01% in The New York Times Company (NYSE:NYT). Barclays Public Limited Company has invested 0% in The New York Times Company (NYSE:NYT). Bain Public Equity Ltd holds 905,460 shs. Gabelli Funds invested 0% in The New York Times Company (NYSE:NYT). Louisiana State Employees Retirement System invested in 0.04% or 38,600 shs. 362 are owned by Raab Moskowitz Asset Management Ltd Liability Co. Raymond James & Assoc stated it has 11,934 shs or 0% of all its holdings.

NYT registered $4.89 million net activity with 0 insider purchases and 6 sales since July 17, 2018. On Monday, November 5 500 shs were sold by TOBEN DOREEN A, worth $14,010. On Thursday, November 15 40,000 shs were sold by Thompson Mark, worth $1.04M. DENHAM ROBERT E sold $97,226 worth of stock. Shares for $304,823 were sold by BENTEN R ANTHONY.

Based on the latest 2018Q3 regulatory filing with the SEC, Shannon River Fund Management Llc rose its holdings in New York Times Co (NYT) by 10.5%. The company’s stock popped up 16.18% while Shannon River Fund Management Llc bought 182,086 shares. The newspapers and magazines company at the end of 2018Q3 was priced at $44.35 million. It’s up from 1.73 million at the end of the previous reported quarter. Now it had 1.92M shares held by the hedge fund . $4.15 billion is New York Times Co’s market cap. The stock decreased 1.25% or $0.32 during the last trading session, reaching $25.18.Currently The New York Times Company is uptrending after 44.00% change in last January 19, 2018. NYT has also 2.03M shares volume. NYT outperformed the S&P500 by 44.00%.

Shannon River Fund Management Llc has cut its stake in Yext Inc and also reduced its holding in Bottomline Tech Del Inc (NASDAQ:EPAY) by 434,845 shares in the quarter, for a total of 367,276 shares.

A couple more The New York Times Company (NYSE:NYT) news were announced by: Nytimes.com which released on January 09, 2019 “Wall Street Extends Rally as Chipmakers Rebound Wall Street rallied for a fourth session on Wednesday – The New York Times”, also Forbes.com on December 21, 2018 announced “Can Accelerated Subscriber Growth Justify A $30 Fair Value For New York Times’ Stock? – Forbes”, the next Seekingalpha.com is “NYT +7.5% to decade-plus high after solid Q3 topper – Seeking Alpha” on November 01, 2018. Nytimes.com has article titled “China Worries Weigh on Wall Street, Earnings Expectations Fall – The New York Times”.

The New York Times Company (NYSE:NYT) Ratings Coverage

A total of 2 analysts rate New York Times (NYSE:NYT) as follows: 1 “Buy”, 0 “Hold” and 1 “Sell”. Š¢herefore 50% are bullish. (NYSE:NYT) has 2 ratings reports on 19 Jan 2019 according to StockzIntelligence. The company rating was downgraded by Barclays Capital on Tuesday, November 6.

The New York Times Company (NYSE:NYT) Institutional Investors Chart

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