Darsana Capital Partners LP Boosted Stake in New York Times Co (NYT) by $93.68 Million

The New York Times Company (NYSE:NYT) LogoInvestors sentiment decreased to 1.15 in Q3 2018. Its down 0.16, from 1.31 in 2018Q2. It dropped, as 27 investors sold NYT shares while 55 reduced holdings. 32 funds opened positions while 62 raised stakes. 141.17 million shares or 0.18% more from 140.92 million shares in 2018Q2 were reported. Atika Mngmt Limited Liability Corporation has invested 0.61% in The New York Times Company (NYSE:NYT). 70,555 are held by Levin Capital Strategies L P. Jhl Group Ltd Liability Corporation invested in 4.59% or 1.25 million shares. Moreover, Waverton Invest Limited has 0.02% invested in The New York Times Company (NYSE:NYT). J Goldman And Com Ltd Partnership holds 0.9% or 557,219 shares. Tower Rech Capital Limited Liability Co (Trc) accumulated 0.01% or 8,322 shares. Shine Inv Advisory Ser invested 0.01% in The New York Times Company (NYSE:NYT). Huntington National Bank accumulated 1 shares or 0% of the stock. Wellington Management Grp Inc Ltd Liability Partnership holds 7.47M shares. Sei Invs reported 0.11% stake. Weybosset & Mgmt Llc holds 203,215 shares or 2.71% of its portfolio. Riverhead Capital Mngmt Ltd Liability Company accumulated 9,600 shares. Hudson Bay Cap Mgmt LP holds 0.01% of its portfolio in The New York Times Company (NYSE:NYT) for 20,000 shares. Acadian Asset Mngmt Ltd Com owns 128,076 shares or 0.01% of their US portfolio. Moreover, Arizona State Retirement has 0.02% invested in The New York Times Company (NYSE:NYT) for 100,198 shares.

Since July 17, 2018, it had 0 insider buys, and 7 insider sales for $6.40 million activity. Another trade for 40,000 shares valued at $1.04 million was sold by Thompson Mark. On Thursday, November 8 the insider BENTEN R ANTHONY sold $304,823. Shares for $97,226 were sold by DENHAM ROBERT E. TOBEN DOREEN A sold $14,010 worth of The New York Times Company (NYSE:NYT) on Monday, November 5.

Darsana Capital Partners Lp increased its stake in New York Times Co (NYT) by 160.64% based on its latest 2018Q3 regulatory filing with the SEC. Darsana Capital Partners Lp bought 4.93 million shares as the company’s stock rose 16.18% while stock markets declined. The institutional investor held 8.00M shares of the newspapers and magazines company at the end of 2018Q3, valued at $156.80 million, up from 3.07M 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 $4.04 billion market cap company. The stock increased 0.78% or $0.19 during the last trading session, reaching $24.47. About 1.17M shares traded. The New York Times Company (NYSE:NYT) has risen 44.00% since January 14, 2018 and is uptrending. It has outperformed by 44.00% the S&P500.

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

Among 2 analysts covering New York Times (NYSE:NYT), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. New York Times had 2 analyst reports since November 6, 2018 according to SRatingsIntel. Barclays Capital downgraded the shares of NYT in report on Tuesday, November 6 to “Underweight” rating.

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

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