Darsana Capital Partners LP Maintains Holding in New York Times Co (NYT)

June 14, 2018 - By Eugene Smith

The New York Times Company (NYSE:NYT) LogoInvestors sentiment decreased to 1 in 2018 Q1. Its down 0.44, from 1.44 in 2017Q4. It fall, as 26 investors sold NYT shares while 71 reduced holdings. 44 funds opened positions while 53 raised stakes. 126.40 million shares or 11.72% more from 113.15 million shares in 2017Q4 were reported. Canada Pension Plan Invest Board reported 548,600 shares. Moreover, Kahn Brothers De has 0.01% invested in The New York Times Company (NYSE:NYT). Bain Capital Pub Equity Mgmt Lc accumulated 2.55% or 1.45 million shares. Massmutual Trust Com Fsb Adv holds 126 shares or 0% of its portfolio. Jackson Square Ptnrs Ltd holds 7.56M shares. Darsana Lp reported 15.00M shares. State Treasurer State Of Michigan invested 0.01% in The New York Times Company (NYSE:NYT). Millennium Mngmt Limited Co stated it has 295,760 shares or 0.01% of all its holdings. The North Carolina-based Savings Bank Of America Corporation De has invested 0% in The New York Times Company (NYSE:NYT). The California-based Granite Prtn Ltd has invested 0.84% in The New York Times Company (NYSE:NYT). 11,086 are owned by Eagle Ridge Inv Management. Vanguard holds 13.48M shares. Jpmorgan Chase &, New York-based fund reported 613,684 shares. Cubist Systematic Strategies Limited Com invested 0.01% in The New York Times Company (NYSE:NYT). Gabelli Funds Ltd holds 0% in The New York Times Company (NYSE:NYT) or 10,000 shares.

Since February 8, 2018, it had 0 buys, and 34 sales for $222.36 million activity. BENTEN R ANTHONY sold $194,709 worth of stock. DENHAM ROBERT E sold $79,521 worth of stock or 3,166 shares. $568,145 worth of stock was sold by KOPIT LEVIEN MEREDITH A. on Monday, February 26. $2.64 million worth of The New York Times Company (NYSE:NYT) was sold by FOLLO JAMES M. $1.25 million worth of The New York Times Company (NYSE:NYT) was sold by Thompson Mark. 8,000 shares were sold by TOBEN DOREEN A, worth $191,905 on Monday, February 12.

Darsana Capital Partners Lp increased its stake in New York Times Co (NYT) by 3.27% based on its latest 2018Q1 regulatory filing with the SEC. Darsana Capital Partners Lp bought 475,665 shares as the company’s stock declined 7.89% with the market. The institutional investor held 15.00M shares of the newspapers and magazines company at the end of 2018Q1, valued at $361.50M, up from 14.52M 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 $4.11 billion market cap company. The stock increased 0.81% or $0.2 during the last trading session, reaching $24.95. About 2.27M shares traded or 0.24% up from the average. The New York Times Company (NYSE:NYT) has risen 34.97% since June 14, 2017 and is uptrending. It has outperformed by 22.40% the S&P500.

Darsana Capital Partners Lp, which manages about $989.03 million and $3.12 billion US Long portfolio, decreased its stake in Altaba Inc by 150,000 shares to 1.85M shares, valued at $136.97M in 2018Q1, according to the filing.

More news for The New York Times Company (NYSE:NYT) were recently published by: Forbes.com, which released: “Why We Revised Our Price Estimate For New York Times To $21” on May 17, 2018. Fool.com‘s article titled: “The New York Times Alerts Investors About Its Big TV and Film Plans” and published on May 28, 2018 is yet another important article.

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

Among 4 analysts covering New York Times (NYSE:NYT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. New York Times had 4 analyst reports since February 8, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, April 30 by JP Morgan. On Monday, April 30 the stock rating was upgraded by J.P. Morgan to “Buy”. As per Thursday, February 8, the company rating was maintained by Jefferies.

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

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