Quinn Opportunity Partners Lowered New York Times Co (NYT) Holding by $309,600 as Valuation Declined; As Brown & Brown (BRO) Market Valuation Rose, Pzena Investment Management Upped Position by $456,025

July 25, 2018 - By Catherine Diaz

The New York Times Company (NYSE:NYT) Logo

Quinn Opportunity Partners Llc decreased its stake in New York Times Co (NYT) by 9.05% based on its latest 2018Q1 regulatory filing with the SEC. Quinn Opportunity Partners Llc sold 12,900 shares as the company’s stock declined 7.89% with the market. The institutional investor held 129,700 shares of the newspapers and magazines company at the end of 2018Q1, valued at $3.13 million, down from 142,600 at the end of the previous reported quarter. Quinn Opportunity Partners Llc who had been investing in New York Times Co for a number of months, seems to be less bullish one the $4.04 billion market cap company. The stock increased 0.82% or $0.2 during the last trading session, reaching $24.5. About 680,802 shares traded. The New York Times Company (NYSE:NYT) has risen 34.97% since July 25, 2017 and is uptrending. It has outperformed by 22.40% the S&P500. Some Historical NYT News: 03/05/2018 – New York Times 1Q Cont Ops EPS 13c; 16/04/2018 – Alert: The New York Times won 3 Pulitzers, sharing the public; 15/03/2018 – BREAKING: Special counsel Robert Mueller has subpoenaed the Trump Organization to turn over documents, including some related to Russia – New York Times; 24/04/2018 – Design-Driven AC Hotels by MarriottĀ® Brand Debuts in New York City with AC Hotel New York Times Square; 24/04/2018 – Jackson faces claims of overprescribing medication and drinking on the job, according to The New York Times; 15/03/2018 – Special counsel Robert Mueller has subpoenaed the Trump Organization for documents, some of which are related to Russia, The New York Times reported; 16/04/2018 – New York Times, New Yorker Share Pulitzer for Sexual-Harassment Coverage; 19/05/2018 – Donald Trump Jr. Met In August 2016 With Mideast Contingent Offering Help In Election: N.Y. Times — MarketWatch; 19/03/2018 – Here are the New York Times and Observer stories that pushed Facebook to suspend Trump’s data analytics company Cambridge Analytica had profile information for some 50 million Facebook users, according to reports; 07/05/2018 – Full transcript: New York Times journalist Amy Chozick on Recode Media Her new book is “Chasing Hillary.”

Pzena Investment Management Llc increased its stake in Brown & Brown Inc (BRO) by 205.9% based on its latest 2018Q1 regulatory filing with the SEC. Pzena Investment Management Llc bought 18,241 shares as the company’s stock rose 4.20% while stock markets declined. The hedge fund held 27,100 shares of the finance company at the end of 2018Q1, valued at $689,000, up from 8,859 at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Brown & Brown Inc for a number of months, seems to be bullish on the $8.01B market cap company. The stock increased 0.17% or $0.05 during the last trading session, reaching $29.01. About 878,925 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 29.47% since July 25, 2017 and is uptrending. It has outperformed by 16.90% the S&P500. Some Historical BRO News: 23/04/2018 – Brown & Brown Declares Dividend of $0.075; 23/04/2018 – Brown & Brown 1Q EPS 32c; 01/05/2018 – BROWN & BROWN, IN PACT TO BUY SERVCO PACIFIC INSURANCE; 23/04/2018 – Brown & Brown, Inc. Announces Quarterly Revenues of $501.5 Million, an Increase of 7.8%; Diluted Net Income per Share of $0.32;; 19/03/2018 Fitch Publishes Unrated Issuer Report on Brown & Brown, Inc

Quinn Opportunity Partners Llc, which manages about $778.53 million US Long portfolio, upped its stake in Berkshire Hathaway Inc (BRKB) by 9,000 shares to 52,200 shares, valued at $10.41 million in 2018Q1, according to the filing. It also increased its holding in Time Warner Inc (NYSE:TWX) by 285,888 shares in the quarter, for a total of 1.53M shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

Among 6 analysts covering New York Times (NYSE:NYT), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. New York Times had 16 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, July 27, the company rating was maintained by Jefferies. Barclays Capital maintained the shares of NYT in report on Wednesday, July 19 with “Equal-Weight” rating. The stock of The New York Times Company (NYSE:NYT) earned “Hold” rating by Jefferies on Monday, June 5. The stock has “Overweight” rating by JP Morgan on Monday, April 30. The stock has “Buy” rating by TheStreet on Tuesday, August 18. The rating was maintained by FBR Capital on Thursday, August 6 with “Hold”. Jefferies maintained the stock with “Hold” rating in Monday, September 11 report. The firm has “Buy” rating given on Monday, April 30 by J.P. Morgan. The stock has “Hold” rating by Jefferies on Monday, July 10. The stock has “Hold” rating by Jefferies on Monday, October 16.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.44, from 1.44 in 2017Q4. It worsened, as 26 investors sold NYT shares while 71 reduced holdings. 44 funds opened positions while 53 raised stakes. 126.40 million shares or 11.72% more from 113.15 million shares in 2017Q4 were reported. Amg Funds Ltd Com has 90,003 shares. Envestnet Asset Inc owns 7,929 shares for 0% of their portfolio. Amundi Pioneer Asset Management holds 0% or 9,460 shares. Nicholas Inv Ptnrs Ltd Partnership has 289,649 shares. Shelton Capital Management owns 9,283 shares or 0.01% of their US portfolio. Citigroup holds 16,064 shares. Metropolitan Life Insur Communication Ny has 72,300 shares for 0% of their portfolio. Two Sigma Securities Limited Liability Company has 10,327 shares. Ameritas Invest Prtn invested in 0.06% or 48,417 shares. Voya Management has invested 0% in The New York Times Company (NYSE:NYT). Fifth Third Bancorporation reported 879 shares. Eagle Ridge Investment Management owns 11,086 shares for 0.04% of their portfolio. Aqr Capital Mngmt holds 402,326 shares. California Public Employees Retirement Sys accumulated 340,171 shares or 0.01% of the stock. Oregon Pub Employees Retirement Fund reported 47,357 shares.

Analysts await The New York Times Company (NYSE:NYT) to report earnings on July, 26. They expect $0.14 EPS, down 22.22% or $0.04 from last year’s $0.18 per share. NYT’s profit will be $23.08M for 43.75 P/E if the $0.14 EPS becomes a reality. After $0.17 actual EPS reported by The New York Times Company for the previous quarter, Wall Street now forecasts -17.65% negative EPS growth.

Since February 8, 2018, it had 0 insider purchases, and 45 selling transactions for $256.30 million activity. BENTEN R ANTHONY sold 18,300 shares worth $451,141. TOBEN DOREEN A sold $191,905 worth of The New York Times Company (NYSE:NYT) on Monday, February 12. 110,000 shares were sold by FOLLO JAMES M, worth $2.64 million on Monday, February 12. CESAN RAUL E had sold 16,000 shares worth $402,808 on Thursday, February 22. On Friday, February 16 DENHAM ROBERT E sold $79,521 worth of The New York Times Company (NYSE:NYT) or 3,166 shares. On Friday, February 23 the insider Thompson Mark sold $1.25 million.

Pzena Investment Management Llc, which manages about $24.64B and $19.67 billion US Long portfolio, decreased its stake in Validus Holdings Ltd (NYSE:VR) by 503,149 shares to 787,102 shares, valued at $53.09M in 2018Q1, according to the filing. It also reduced its holding in Bank Of America Corp (NYSE:BAC) by 2.63 million shares in the quarter, leaving it with 16.97M shares, and cut its stake in Jp Morgan Chase & Co (NYSE:JPM).

More news for Brown & Brown, Inc. (NYSE:BRO) were recently published by: Nasdaq.com, which released: “Brown & Brown, Inc. Announces Quarterly Revenues of $473.1 Million, an Increase of 1.5%; and Diluted Net Income …” on July 23, 2018. Seekingalpha.com‘s article titled: “Brown & Brown Insurance (BRO) CEO Powell Brown on Q2 2018 Results – Earnings Call Transcript” and published on July 25, 2018 is yet another important article.

Investors sentiment increased to 7.35 in 2018 Q1. Its up 6.37, from 0.98 in 2017Q4. It increased, as 13 investors sold BRO shares while 18 reduced holdings. 50 funds opened positions while 178 raised stakes. 384.28 million shares or 295.49% more from 97.17 million shares in 2017Q4 were reported. Kdi Cap Prtn Limited holds 15,200 shares. Amalgamated Bancorporation has invested 0.03% in Brown & Brown, Inc. (NYSE:BRO). 20.03M are owned by Blackrock Inc. Art Advisors Ltd Liability Corporation accumulated 28,400 shares or 0.03% of the stock. Select Equity Limited Partnership stated it has 0% in Brown & Brown, Inc. (NYSE:BRO). Parametric Associates Limited Liability Com owns 224,733 shares for 0.01% of their portfolio. Raymond James And Assocs owns 1.15M shares for 0.05% of their portfolio. Ny State Common Retirement Fund invested in 0.04% or 1.11M shares. Nomura Hldgs, a Japan-based fund reported 80,000 shares. Goldman Sachs Grp owns 1.72 million shares for 0.01% of their portfolio. Moreover, Diamond Hill Cap Mgmt Inc has 0.41% invested in Brown & Brown, Inc. (NYSE:BRO). Acadian Asset Ltd Com has invested 0.01% in Brown & Brown, Inc. (NYSE:BRO). 210 are owned by Signaturefd Lc. Regions Fincl Corporation owns 1,926 shares. Oakbrook Investments Limited Liability Company holds 21,200 shares.

Brown & Brown, Inc. (NYSE:BRO) Institutional Positions Chart

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