New Media Investment Group Inc (NEWM) Holdings Raised by Acadian Asset Management LLC

Acadian Asset Management LLC raised its position in New Media Investment Group Inc (NYSE:NEWM) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,249,096 shares of the company’s stock after purchasing an additional 202,723 shares during the period. Acadian Asset Management LLC owned 3.73% of New Media Investment Group worth $35,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Cowen Prime Services LLC increased its position in shares of New Media Investment Group by 24.3% in the 3rd quarter. Cowen Prime Services LLC now owns 120,850 shares of the company’s stock valued at $1,896,000 after purchasing an additional 23,650 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of New Media Investment Group by 4.7% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 286,252 shares of the company’s stock valued at $4,491,000 after buying an additional 12,882 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of New Media Investment Group by 90.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 171,782 shares of the company’s stock valued at $2,689,000 after buying an additional 81,696 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of New Media Investment Group by 19.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 78,575 shares of the company’s stock valued at $1,233,000 after buying an additional 12,850 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of New Media Investment Group by 16.7% in the 3rd quarter. North Star Investment Management Corp. now owns 63,104 shares of the company’s stock valued at $990,000 after buying an additional 9,014 shares in the last quarter. 86.31% of the stock is currently owned by institutional investors.

In related news, CEO Michael Reed bought 32,000 shares of the stock in a transaction dated Monday, August 13th. The stock was acquired at an average price of $15.74 per share, for a total transaction of $503,680.00. Following the acquisition, the chief executive officer now owns 302,361 shares in the company, valued at approximately $4,759,162.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.23% of the company’s stock.

Shares of New Media Investment Group stock opened at $14.75 on Friday. New Media Investment Group Inc has a 12-month low of $13.90 and a 12-month high of $19.10. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $942.38 million, a PE ratio of 27.31 and a beta of 1.01.

New Media Investment Group (NYSE:NEWM) last issued its earnings results on Wednesday, October 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.24). New Media Investment Group had a net margin of 2.46% and a return on equity of 5.60%. The company had revenue of $380.42 million during the quarter, compared to analyst estimates of $398.45 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, research analysts expect that New Media Investment Group Inc will post 0.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, November 12th will be issued a $0.38 dividend. This is a boost from New Media Investment Group’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 10.31%. New Media Investment Group’s dividend payout ratio is presently 274.07%.

NEWM has been the subject of several research analyst reports. Zacks Investment Research cut shares of New Media Investment Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine cut shares of New Media Investment Group from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd.

About New Media Investment Group

New Media Investment Group Inc invests in, owns, and operates local media assets in the United States. The company's principal products include 142 daily newspapers with total paid circulation of approximately 1.5 million; 326 weekly newspapers with total paid circulation of approximately 318,000 and total free circulation of approximately 2.0 million; 140 shoppers with total circulation of approximately 3.5 million; and 569 locally-focused Websites, including Internet and mobile devices with approximately 290 million page views per month.

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

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