Today it was reported that the SVP, Treasurer & Controller of New York Times (NYT), Anthony Benten, exercised options to sell 11,015 NYT shares at $10.45 a share, for a total transaction value of $304.8K.
Following Anthony Benten’s last NYT Sell transaction on March 13, 2018, the stock climbed by 1.3%. In addition to Anthony Benten, one other NYT executive reported Sell trades in the last month.
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Based on New York Times’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $417 million and quarterly net profit of $24.98 million. In comparison, last year the company earned revenue of $386 million and had a net profit of $32.33 million. NYT’s market cap is $4.35B and the company has a P/E ratio of 378.74. Currently, New York Times has an average volume of 1.95M.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $24.33, reflecting a -6.7% downside.
In the last 30 days, insiders have sold $304.8K worth of NYT shares and purchased $14.01K worth of NYT shares. The insider sentiment on New York Times has been negative according to 119 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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The New York Times Co. is a media organization, which engages in creating, collecting, and distributing news and information. It includes newspapers, print, and digital products and investments and operates through The New York Times, NYTimes.com, and mobile applications.
