These Institutions Sell Shares of The New York Times in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of The New York Times Company (NYSE:NYT).

SEC data indicate that these institutions significantly reduced their stock shares of The New York Times Company in Q3 2011:

  • CITADEL ADVISORS LLC: On 06/30/2011, held 5,356,748 shares, worth $46,710,843. On 09/30/2011, held 0 shares.
  • SIGMA CAPITAL MANAGEMENT LLC: On 06/30/2011, held 400,000 shares, worth $3,488,000. On 09/30/2011, held 0 shares.
  • CR INTRINSIC INVESTORS, LLC: On 06/30/2011, held 275,000 shares, worth $2,398,000. On 09/30/2011, held 0 shares.
  • OXFORD ASSET MANAGEMENT: On 06/30/2011, held 206,787 shares, worth $1,803,183. On 09/30/2011, held 0 shares.
  • CAPITAL FUND MANAGEMENT S.A.: On 06/30/2011, held 160,700 shares, worth $1,401,304. On 09/30/2011, held 0 shares.

About the company: The New York Times Company, a diversified media company, conducts operations in newspapers, magazines, television and radio stations, and electronic information and publishing. The Company’s publications include “The New York Times,” “The Boston Globe,” and the “International Herald Tribune.”. New York Times also holds interests in a newsprint mill and a paper mill.

Competitors to Watch: Gannett Co., Inc. (NYSE:GCI), The McClatchy Company (NYSE:MNI), News Corporation (NASDAQ:NWSA), Media General, Inc. (NYSE:MEG), GateHouse Media, Inc. (OTC:GHSE), Lee Enterprises, Inc. (NYSE:LEE), The E.W. Scripps Company (NYSE:SSP), A. H. Belo Corporation (NYSE:AHC), Daily Journal Corporation (NASDAQ:DJCO), and Pearson PLC (NYSE:PSO).

(Note: Data regarding The New York Times Company’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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