LSV Asset Management Has $4.02 Million Position in New Media Investment Group Inc (NEWM)

LSV Asset Management boosted its position in shares of New Media Investment Group Inc (NYSE:NEWM) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,700 shares of the company’s stock after acquiring an additional 42,200 shares during the period. LSV Asset Management owned 0.45% of New Media Investment Group worth $4,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NEWM. BlackRock Inc. increased its stake in New Media Investment Group by 2.1% during the 2nd quarter. BlackRock Inc. now owns 6,826,522 shares of the company’s stock valued at $92,021,000 after purchasing an additional 140,486 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in New Media Investment Group by 15.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,288,336 shares of the company’s stock valued at $33,845,000 after purchasing an additional 309,474 shares in the last quarter. Wells Fargo & Company MN increased its stake in New Media Investment Group by 2.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,448,678 shares of the company’s stock valued at $21,425,000 after purchasing an additional 27,911 shares in the last quarter. State Street Corp increased its stake in New Media Investment Group by 6.4% during the 2nd quarter. State Street Corp now owns 1,309,928 shares of the company’s stock valued at $17,657,000 after purchasing an additional 78,311 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC increased its stake in New Media Investment Group by 5.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 640,379 shares of the company’s stock valued at $9,471,000 after purchasing an additional 32,722 shares in the last quarter. 77.97% of the stock is owned by institutional investors.

A number of brokerages have issued reports on NEWM. Zacks Investment Research lowered shares of New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. BidaskClub upgraded shares of New Media Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 14th.

New Media Investment Group Inc (NYSE NEWM) opened at $15.72 on Tuesday. The stock has a market cap of $839.81, a P/E ratio of 43.83 and a beta of 1.26. New Media Investment Group Inc has a 52 week low of $11.87 and a 52 week high of $17.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 1.84.

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New Media Investment Group Company Profile

New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.

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Institutional Ownership by Quarter for New Media Investment Group (NYSE:NEWM)

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