As of the 1st quarter of 2023, Procyon Advisors LLC has announced that it has successfully acquired a new stake in The New York Times Company (NYSE:NYT). The acquisition of stakes in reputed companies like The New York Times Company is a smart move for hedge funds and institutional investors seeking well-rounded exposure to different markets. Shares of the New York Times stock opened at $37.68 on Thursday, indicating eminent optimism in the company’s growth prospects. Cullinan Associates’ holdings rose by 21.8%, now owning 128,294 shares valued at $4,988,000 after acquiring an additional 22,924 shares last quarter. Finally Compass Wealth Management entered into a new position with NYTs acquiring shares valued at approximately $30k.

Source: New York Times June 23, 2023 15:55 UTC