BlackRock Amends NYT Stake, Updates Passive Investment Disclosure
Ticker: NYT · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 71691
| Field | Detail |
|---|---|
| Company | New York Times CO (NYT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
Related Tickers: NYT
TL;DR
**BlackRock updated its passive stake in The New York Times Co. as of year-end 2023.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Class A Common Stock in The New York Times Co. as of December 31, 2023. This filing, Amendment No. 13, updates their previous disclosures regarding their passive investment in the media company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding The New York Times Co. stock.
Why It Matters
This filing shows BlackRock's continued significant, albeit passive, interest in The New York Times Co., which can influence market perception and stability for the stock.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive stake, and does not suggest any immediate significant risk.
Analyst Insight
Investors should note BlackRock's continued passive stake as a sign of institutional confidence, but this filing alone doesn't warrant immediate action. It's a routine update.
Key Numbers
- 650111107 — CUSIP Number (identifies the Class A Common Stock of The New York Times Co.)
- 005-16273 — SEC File Number (identifies The New York Times Co.'s registration with the SEC)
- 0001364742 — BlackRock's CIK (identifies BlackRock Inc. in SEC filings)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- NEW YORK TIMES CO (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 13 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in The New York Times Co. throughout 2024. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G, filed by BlackRock, Inc. regarding its ownership in The New York Times Co.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors like BlackRock to report beneficial ownership of 5% or more of a company's stock, updating previous disclosures.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.
Which rule under the Securities Exchange Act of 1934 is this filing made under?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
What specific class of securities is BlackRock reporting ownership of in The New York Times Co.?
BlackRock is reporting ownership of 'Class A Common Stock' of The New York Times Co., as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding NEW YORK TIMES CO (NYT).