Price Action To Observe: Could New York Times Co Crash Even More? The Stock Just Made Yearly Low

Price Action To Observe: Could New York Times Co Crash Even More? The Stock Just Made Yearly Low

The stock of New York Times Co (NYSE:NYT) hit a new 52-week low and has $10.90 target or 6.00% below today’s $11.60 share price. The 8 months bearish chart indicates high risk for the $1.87B company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $10.90 price target is reached, the company will be worth $112.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 96,285 shares traded hands. New York Times Co (NYSE:NYT) has declined 7.29% since March 10, 2016 and is downtrending. It has underperformed by 14.81% the S&P500.

Analysts await New York Times Co (NYSE:NYT) to report earnings on November, 3. They expect $0.06 EPS, down 33.33% or $0.03 from last year’s $0.09 per share. NYT’s profit will be $9.67M for 48.33 P/E if the $0.06 EPS becomes a reality. After $0.11 actual EPS reported by New York Times Co for the previous quarter, Wall Street now forecasts -45.45% negative EPS growth.

New York Times Co (NYSE:NYT) Ratings Coverage

Out of 2 analysts covering New York Times (NYSE:NYT), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. New York Times has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by FBR Capital on Thursday, August 6. The rating was upgraded by TheStreet to “Buy” on Tuesday, August 18.

According to Zacks Investment Research, “New York Times Company is a diversified media company including newspapers, television and radio stations, magazines, electronic information and publishing, Internet businesses, and forest products investments. The Company currently classifies its businesses into the following segments: Newspapers, Broadcasting, Magazines, and Forest Product Investments and Other Joing Ventures.”

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.18, from 1.09 in 2016Q1. The ratio worsened, as 20 funds sold all New York Times Co shares owned while 60 reduced positions. 21 funds bought stakes while 52 increased positions. They now own 100.04 million shares or 1.99% less from 102.07 million shares in 2016Q1.
Moreover, Aperio Gp Ltd has 0% invested in New York Times Co (NYSE:NYT) for 12,853 shares. Moreover, Arizona State Retirement has 0.01% invested in New York Times Co (NYSE:NYT) for 48,157 shares. Price T Rowe Incorporated Md holds 0% or 62,500 shares in its portfolio. Hg Vora Capital Limited Liability Company last reported 5.33% of its portfolio in the stock. Bancorp Of New York Mellon last reported 0.02% of its portfolio in the stock. Tower Research Ltd Liability Co (Trc) owns 13,828 shares or 0.02% of their US portfolio. Dimensional Fund L P reported 4.64M shares or 0.03% of all its holdings. Royal Fincl Bank Of Canada reported 10,190 shares or 0% of all its holdings. California State Teachers Retirement reported 261,028 shares or 0.01% of all its holdings. Moreover, State Treasurer State Of Michigan has 0% invested in New York Times Co (NYSE:NYT) for 49,500 shares. Blume Cap Mngmt holds 0.01% of its portfolio in New York Times Co (NYSE:NYT) for 1,000 shares. Quantbot Technologies L P holds 3,501 shares or 0% of its portfolio. Wells Fargo Mn has 0% invested in the company for 52,459 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System holds 0.01% of its portfolio in New York Times Co (NYSE:NYT) for 23,729 shares. Moreover, Lmr Partners Ltd Liability Partnership has 0.02% invested in New York Times Co (NYSE:NYT) for 10,274 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 6 insider sales for $2.25 million net activity. BENTEN R ANTHONY sold $174,494 worth of New York Times Co (NYSE:NYT) on Thursday, June 2. Richieri Kenneth A also sold $323,071 worth of New York Times Co (NYSE:NYT) shares. KOPIT LEVIEN MEREDITH A. sold $348,961 worth of stock. Shares for $675,191 were sold by FOLLO JAMES M on Monday, May 16.

More notable recent New York Times Co (NYSE:NYT) news were published by: Nytimes.com which released: “Who Will Be President?” on July 19, 2016, also Nytimes.com with their article: “Two Women Say Donald Trump Touched Them Inappropriately” published on October 12, 2016, Nytimes.com published: “Herbert Irving, Sysco Co-Founder and $300 Million Hospital Donor, Dies at 98” on October 11, 2016. More interesting news about New York Times Co (NYSE:NYT) were released by: Nytimes.com and their article: “Daughters and Trumps” published on October 12, 2016 as well as Nytimes.com‘s news article titled: “Site Mobile Navigation” with publication date: October 09, 2016.

NYT Company Profile

The New York Times Company, incorporated on August 26, 1896, is a media organization focused on creating, collecting and distributing news and information. The Firm includes newspapers, digital businesses and investments. The Company’s businesses include newspapers, such as The New York Times (The Times); the International New York Times (INYT), the international edition of The Times; Websites, including NYTimes.com and international.nytimes.com; mobile applications, including The Times news applications, as well as interest-specific applications, such as NYT Cooking, Crossword and others, and related businesses, such as The Times news services division, digital archive distribution, NYT Live (its live events business), and other services and products under The Times brand. The Times is a daily (Monday to Saturday) and Sunday newspaper, and INYT is a daily newspaper. The Company’s content reaches its audience through its print products, Web and mobile platforms.

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