New York Times Co (NYT) Holder Darsana Capital Partners LP Has Raised Its Stake by $117.44 Million as Stock Value Rose

April 24, 2018 - By Dolores Ford

The New York Times Company (NYSE:NYT) LogoInvestors sentiment decreased to 1.44 in Q4 2017. Its down 0.10, from 1.54 in 2017Q3. It dropped, as 21 investors sold NYT shares while 52 reduced holdings. 38 funds opened positions while 67 raised stakes. 113.15 million shares or 3.98% more from 108.81 million shares in 2017Q3 were reported. Ls Invest Advisors Ltd Liability Corporation accumulated 11,957 shares or 0.01% of the stock. Shine Inv Advisory Incorporated stated it has 0.01% in The New York Times Company (NYSE:NYT). Parametrica Mgmt owns 25,260 shares or 0.3% of their US portfolio. Fairpointe Capital Ltd Llc has invested 2.97% in The New York Times Company (NYSE:NYT). Tudor Invest Et Al owns 14,150 shares or 0.01% of their US portfolio. State Board Of Administration Of Florida Retirement Systems has invested 0.01% in The New York Times Company (NYSE:NYT). Bank Of America Corporation De reported 246,839 shares. Moreover, Renaissance Techs Ltd Co has 0.01% invested in The New York Times Company (NYSE:NYT) for 626,310 shares. 71,852 were reported by Royal Savings Bank Of Canada. Northern Tru Corporation reported 0.01% in The New York Times Company (NYSE:NYT). Morgan Stanley owns 523,676 shares. Majedie Asset Mngmt Limited owns 249,937 shares or 0.39% of their US portfolio. Swiss Bancorporation accumulated 222,500 shares. M&T Fincl Bank Corp holds 0% or 14,442 shares. Company Of Vermont invested in 0% or 1,000 shares.

Since February 8, 2018, it had 0 insider purchases, and 18 sales for $83.02 million activity. The insider CESAN RAUL E sold 16,000 shares worth $402,808. BENTEN R ANTHONY sold $194,709 worth of stock or 7,875 shares. $79,521 worth of stock was sold by DENHAM ROBERT E on Friday, February 16. Thompson Mark sold $1.25M worth of stock or 50,000 shares. FOLLO JAMES M sold $2.64 million worth of stock. On Monday, February 12 TOBEN DOREEN A sold $191,905 worth of The New York Times Company (NYSE:NYT) or 8,000 shares.

Darsana Capital Partners Lp increased its stake in New York Times Co (NYT) by 81.55% based on its latest 2017Q4 regulatory filing with the SEC. Darsana Capital Partners Lp bought 6.52 million shares as the company’s stock rose 25.14% while stock markets declined. The institutional investor held 14.52 million shares of the newspapers and magazines company at the end of 2017Q4, valued at $268.70M, up from 8.00 million at the end of the previous reported quarter. Darsana Capital Partners Lp who had been investing in New York Times Co for a number of months, seems to be bullish on the $3.67 billion market cap company. The stock decreased 0.78% or $0.175 during the last trading session, reaching $22.275. About 1.65 million shares traded. The New York Times Company (NYSE:NYT) has risen 62.46% since April 24, 2017 and is uptrending. It has outperformed by 50.91% the S&P500.

Darsana Capital Partners Lp, which manages about $989.03M and $2.72 billion US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 125,000 shares to 600,000 shares, valued at $105.88M in 2017Q4, according to the filing.

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

Among 2 analysts covering New York Times (NYSE:NYT), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. New York Times had 2 analyst reports since February 8, 2018 according to SRatingsIntel. The rating was maintained by Jefferies on Thursday, February 8 with “Hold”.

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

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