Permian Investment Partners LP Stake in Sealed Air New (SEE) Has Upped by $10.80 Million as Valuation Declined; New York Times Co (NYT) Holder Jhl Capital Group Lifted Its Position by $6.30 Million

April 26, 2018 - By Peter Erickson

The New York Times Company (NYSE:NYT) Logo

James H. Litinsky increased its stake in New York Times Co (NYT) by 9.46% based on its latest 2017Q4 regulatory filing with the SEC. Jhl Capital Group Llc bought 350,000 shares as the company’s stock rose 25.14% while stock markets declined. The hedge fund run by James H. Litinsky held 4.05M shares of the newspapers and magazines company at the end of 2017Q4, valued at $74.93M, up from 3.70M at the end of the previous reported quarter. Jhl Capital Group Llc who had been investing in New York Times Co for a number of months, seems to be bullish on the $ market cap company. The stock decreased 0.89% or $0.2 during the last trading session, reaching $22.25. About 2.29 million shares traded or Infinity% up from the average. The New York Times Company (NYSE:NYT) has risen 62.46% since April 26, 2017 and is uptrending. It has outperformed by 50.91% the S&P500.

Permian Investment Partners Lp increased its stake in Sealed Air Corp New (SEE) by 14.1% based on its latest 2017Q4 regulatory filing with the SEC. Permian Investment Partners Lp bought 220,483 shares as the company’s stock declined 14.10% with the market. The institutional investor held 1.78 million shares of the major chemicals company at the end of 2017Q4, valued at $87.98 million, up from 1.56 million at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Sealed Air Corp New for a number of months, seems to be bullish on the $7.38B market cap company. The stock increased 0.87% or $0.38 during the last trading session, reaching $44.31. About 64,378 shares traded. Sealed Air Corporation (NYSE:SEE) has declined 3.17% since April 26, 2017 and is downtrending. It has underperformed by 14.72% the S&P500.

Investors sentiment decreased to 1.44 in 2017 Q4. Its down 0.10, from 1.54 in 2017Q3. It turned negative, as 21 investors sold NYT shares while 52 reduced holdings. 38 funds opened positions while 67 raised stakes. 113.15 million shares or 3.98% more from 108.81 million shares in 2017Q3 were reported. Liberty Mutual Gp Asset Incorporated invested in 0.02% or 31,912 shares. Ny State Common Retirement Fund reported 187,313 shares stake. The Illinois-based Fairpointe Capital Lc has invested 2.97% in The New York Times Company (NYSE:NYT). 372,097 were accumulated by Parametric Portfolio Assoc Ltd. Hanson And Doremus Mgmt stated it has 300 shares or 0% of all its holdings. Voya Investment holds 56,637 shares or 0% of its portfolio. Thrivent For Lutherans accumulated 0% or 27,350 shares. Gateway Investment Advisers Limited Liability holds 69,999 shares. Acadian Asset Mngmt Lc invested in 0.16% or 1.94M shares. Hl Financial Svcs Limited Liability Co owns 0% invested in The New York Times Company (NYSE:NYT) for 10,000 shares. Barclays Pcl accumulated 322,944 shares. Citigroup holds 0% or 1,525 shares in its portfolio. Fuller & Thaler Asset holds 3,300 shares. Meeder Asset Mngmt has invested 0.09% in The New York Times Company (NYSE:NYT). Weybosset And Mgmt holds 1.14% in The New York Times Company (NYSE:NYT) or 101,550 shares.

Among 4 analysts covering New York Times (NYSE:NYT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. New York Times had 14 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of The New York Times Company (NYSE:NYT) has “Equal-Weight” rating given on Wednesday, July 19 by Barclays Capital. The stock of The New York Times Company (NYSE:NYT) has “Sell” rating given on Thursday, February 9 by Singular Research. TheStreet upgraded the shares of NYT in report on Tuesday, August 18 to “Buy” rating. Jefferies maintained The New York Times Company (NYSE:NYT) rating on Monday, October 16. Jefferies has “Hold” rating and $18.0 target. The stock of The New York Times Company (NYSE:NYT) earned “Hold” rating by Jefferies on Thursday, February 8. The firm earned “Hold” rating on Monday, July 10 by Jefferies. On Thursday, August 6 the stock rating was maintained by FBR Capital with “Hold”. Jefferies maintained the shares of NYT in report on Monday, June 5 with “Hold” rating. The stock has “Hold” rating by Jefferies on Thursday, July 27. Jefferies maintained it with “Hold” rating and $18.0 target in Monday, September 11 report.

Since February 8, 2018, it had 0 insider purchases, and 19 insider sales for $90.92 million activity. BENTEN R ANTHONY sold 18,300 shares worth $451,141. Another trade for 8,000 shares valued at $191,905 was made by TOBEN DOREEN A on Monday, February 12. $568,145 worth of stock was sold by KOPIT LEVIEN MEREDITH A. on Monday, February 26. $402,808 worth of The New York Times Company (NYSE:NYT) shares were sold by CESAN RAUL E. FOLLO JAMES M sold $2.64M worth of stock or 110,000 shares. DENHAM ROBERT E also sold $79,521 worth of The New York Times Company (NYSE:NYT) shares.

Jhl Capital Group Llc, which manages about $2.26 billion and $228.66 million US Long portfolio, decreased its stake in Zayo Group Hldgs Inc (NYSE:ZAYO) by 500,000 shares to 900,000 shares, valued at $33.12 million in 2017Q4, according to the filing.

Among 15 analysts covering Sealed Air Corporation (NYSE:SEE), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Sealed Air Corporation had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 25 by BMO Capital Markets. As per Friday, February 19, the company rating was upgraded by Bank of America. The stock of Sealed Air Corporation (NYSE:SEE) has “Neutral” rating given on Tuesday, November 10 by Macquarie Research. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, July 13. The rating was upgraded by Vertical Research on Monday, February 12 to “Buy”. BMO Capital Markets maintained the stock with “Hold” rating in Friday, June 9 report. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 12. Bank of America downgraded the shares of SEE in report on Tuesday, September 15 to “Neutral” rating. The rating was upgraded by Barclays Capital on Friday, December 15 to “Overweight”. Jefferies maintained Sealed Air Corporation (NYSE:SEE) on Tuesday, September 12 with “Hold” rating.

Permian Investment Partners Lp, which manages about $823.32M and $811.27M US Long portfolio, decreased its stake in Arconic Inc by 1.62 million shares to 86,022 shares, valued at $2.34M in 2017Q4, according to the filing.

The New York Times Company (NYSE:NYT) Institutional Positions Chart

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