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flag Two Sigma Investments greatly boosted its stake in The New York Times as the company's stock and earnings surged.

flag 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. flag The New York Times reported a 7.1% increase in revenue and beat earnings expectations by $0.06 with $0.41 per share. flag Analysts predict the company will post earnings of $2.08 per share for the current year. flag The stock has risen 27.7%, with a current price target of $56.00.

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