Shannon River Fund Management LLC Upped Its New York Times Co (NYT) Stake

October 2, 2018 - By Adrian Mccoy

The New York Times Company (NYSE:NYT) LogoInvestors sentiment increased to 1.31 in 2018 Q2. Its up 0.31, from 1 in 2018Q1. It improved, as 24 investors sold NYT shares while 54 reduced holdings. 31 funds opened positions while 71 raised stakes. 140.92 million shares or 11.48% more from 126.40 million shares in 2018Q1 were reported. Oz Management LP invested 0.71% in The New York Times Company (NYSE:NYT). 134,746 were accumulated by Nordea Mngmt Ab. Bluestein R H accumulated 82,900 shares or 0.11% of the stock. 210,659 were reported by Majedie Asset Mngmt. Nicholas Invest Prtn LP holds 304,194 shares or 0.55% of its portfolio. Moreover, Park West Asset Mngmt Ltd Limited Liability Company has 0.39% invested in The New York Times Company (NYSE:NYT) for 400,000 shares. Quantitative Systematic Strategies Ltd Liability Corporation has 0.04% invested in The New York Times Company (NYSE:NYT). Tiaa Cref Invest Management Ltd reported 0.01% stake. Guggenheim Ltd Liability Co reported 59,412 shares. Alliancebernstein LP holds 187,940 shares or 0% of its portfolio. Fifth Third Natl Bank owns 964 shares or 0% of their US portfolio. New York-based Kahn Brothers Grp De has invested 0.01% in The New York Times Company (NYSE:NYT). Los Angeles Capital And Equity accumulated 0.01% or 85,997 shares. California Public Employees Retirement Sys has 311,062 shares. Aperio Ltd, a California-based fund reported 43,840 shares.

Since April 2, 2018, it had 0 insider buys, and 33 sales for $204.97 million activity.

Shannon River Fund Management Llc increased its stake in New York Times Co (NYT) by 130.06% based on its latest 2018Q2 regulatory filing with the SEC. Shannon River Fund Management Llc bought 980,116 shares as the company’s stock declined 10.71% while stock markets rallied. The hedge fund held 1.73 million shares of the newspapers and magazines company at the end of 2018Q2, valued at $44.90 million, up from 753,575 at the end of the previous reported quarter. Shannon River Fund Management Llc who had been investing in New York Times Co for a number of months, seems to be bullish on the $3.75 billion market cap company. The stock decreased 1.77% or $0.41 during the last trading session, reaching $22.74. About 2.75M shares traded or 60.56% up from the average. The New York Times Company (NYSE:NYT) has risen 15.40% since October 2, 2017 and is uptrending. It has underperformed by 0.22% the S&P500.

Shannon River Fund Management Llc, which manages about $2.55B and $760.06M US Long portfolio, decreased its stake in Red Hat Inc (NYSE:RHT) by 47,085 shares to 64,523 shares, valued at $8.67 million in 2018Q2, according to the filing.

More news for The New York Times Company (NYSE:NYT) were recently published by: Nasdaq.com, which released: “7 Stocks to Consider During Midterm Uncertainty” on October 02, 2018. Seekingalpha.com‘s article titled: “NYT adds Expedia’s Bhutani to board” and published on September 21, 2018 is yet another important article.

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

Among 2 analysts covering New York Times (NYSE:NYT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. New York Times had 2 analyst reports since April 30, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, April 30 by JP Morgan. J.P. Morgan upgraded The New York Times Company (NYSE:NYT) on Monday, April 30 to “Buy” rating.

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

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