Janney Montgomery Scott LLC Raises Holdings in New Media Investment Group Inc (NEWM)

Janney Montgomery Scott LLC raised its position in New Media Investment Group Inc (NYSE:NEWM) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,658 shares of the company’s stock after buying an additional 6,446 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.20% of New Media Investment Group worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of New Media Investment Group during the second quarter worth approximately $158,000. WBI Investments Inc. purchased a new stake in shares of New Media Investment Group during the second quarter worth approximately $166,000. BNP Paribas Arbitrage SA raised its stake in shares of New Media Investment Group by 49.3% during the second quarter. BNP Paribas Arbitrage SA now owns 17,941 shares of the company’s stock worth $242,000 after purchasing an additional 5,928 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of New Media Investment Group during the second quarter worth approximately $243,000. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of New Media Investment Group during the second quarter worth approximately $271,000. Institutional investors own 77.49% of the company’s stock.

Separately, BidaskClub cut New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th.

New Media Investment Group Inc (NYSE:NEWM) opened at $17.00 on Wednesday. The stock has a market capitalization of $905.81, a price-to-earnings ratio of 47.28 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.84 and a quick ratio of 1.74. New Media Investment Group Inc has a 52-week low of $11.87 and a 52-week high of $17.62.

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About New Media Investment Group

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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