New Media Investment Group Inc (NEWM) Shares Bought by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC lifted its stake in New Media Investment Group Inc (NYSE:NEWM) by 9.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,228,709 shares of the company’s stock after purchasing an additional 101,000 shares during the period. United Capital Financial Advisers LLC’s holdings in New Media Investment Group were worth $21,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of New Media Investment Group by 0.5% in the first quarter. BlackRock Inc. now owns 7,115,119 shares of the company’s stock worth $121,951,000 after buying an additional 34,981 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of New Media Investment Group by 11.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,885,519 shares of the company’s stock worth $49,458,000 after buying an additional 298,236 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in New Media Investment Group by 5.5% during the first quarter. Wells Fargo & Company MN now owns 1,514,067 shares of the company’s stock valued at $25,951,000 after purchasing an additional 78,364 shares in the last quarter. Millennium Management LLC lifted its holdings in New Media Investment Group by 59.9% during the fourth quarter. Millennium Management LLC now owns 478,754 shares of the company’s stock valued at $8,033,000 after purchasing an additional 179,300 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in New Media Investment Group by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 453,886 shares of the company’s stock valued at $7,616,000 after purchasing an additional 13,432 shares in the last quarter. Hedge funds and other institutional investors own 72.61% of the company’s stock.

NEWM has been the topic of several analyst reports. TheStreet raised shares of New Media Investment Group from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Zacks Investment Research raised shares of New Media Investment Group from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Saturday, May 26th.

Shares of New Media Investment Group opened at $18.18 on Thursday, Marketbeat Ratings reports. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 33.67 and a beta of 1.14. New Media Investment Group Inc has a 1-year low of $12.74 and a 1-year high of $18.24.

New Media Investment Group (NYSE:NEWM) last issued its earnings results on Thursday, May 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The business had revenue of $340.80 million for the quarter, compared to analysts’ expectations of $336.87 million. New Media Investment Group had a return on equity of 3.42% and a net margin of 0.15%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS. equities research analysts predict that New Media Investment Group Inc will post 0.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Monday, May 14th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 11th. This represents a $1.48 annualized dividend and a dividend yield of 8.14%. New Media Investment Group’s dividend payout ratio (DPR) is presently 274.07%.

In other New Media Investment Group news, CEO Michael Reed bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 10th. The stock was acquired at an average price of $16.45 per share, with a total value of $411,250.00. Following the completion of the transaction, the chief executive officer now directly owns 270,361 shares in the company, valued at approximately $4,447,438.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.23% of the company’s stock.

New Media Investment Group Company Profile

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.

Want to see what other hedge funds are holding NEWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Media Investment Group Inc (NYSE:NEWM).

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

Receive News & Ratings for New Media Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Media Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit