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Two Sigma Investments greatly boosted its stake in The New York Times as the company's stock and earnings surged.
Two Sigma Investments LP significantly increased its stake in The New York Times Company by 1,605.6%, purchasing 677,509 shares, now holding 719,705 shares valued at $37.46 million.
The New York Times reported a 7.1% increase in revenue and beat earnings expectations by $0.06 with $0.41 per share.
Analysts predict the company will post earnings of $2.08 per share for the current year.
The stock has risen 27.7%, with a current price target of $56.00.
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Two Sigma Investments aumentó enormemente su participación en The New York Times a medida que las acciones y ganancias de la compañía se dispararon.