Nisa Investment Advisors LLC Cuts Stock Position in New Media Investment Group Inc (NYSE:NEWM)

Nisa Investment Advisors LLC cut its holdings in New Media Investment Group Inc (NYSE:NEWM) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,625 shares of the company’s stock after selling 2,000 shares during the quarter. Nisa Investment Advisors LLC owned 0.11% of New Media Investment Group worth $629,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NEWM. First Trust Advisors LP grew its holdings in New Media Investment Group by 8.2% in the 1st quarter. First Trust Advisors LP now owns 149,340 shares of the company’s stock valued at $1,568,000 after buying an additional 11,361 shares in the last quarter. Marshall Wace LLP acquired a new stake in New Media Investment Group during the first quarter worth about $370,000. Hancock Whitney Corp grew its position in New Media Investment Group by 65.2% during the first quarter. Hancock Whitney Corp now owns 93,374 shares of the company’s stock worth $980,000 after buying an additional 36,856 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in New Media Investment Group during the first quarter worth about $628,000. Finally, Thompson Siegel & Walmsley LLC lifted its stake in New Media Investment Group by 24.3% during the first quarter. Thompson Siegel & Walmsley LLC now owns 92,070 shares of the company’s stock worth $967,000 after purchasing an additional 17,976 shares during the period. 85.92% of the stock is owned by hedge funds and other institutional investors.

NYSE NEWM traded up $0.02 during mid-day trading on Tuesday, reaching $10.30. 61,921 shares of the stock were exchanged, compared to its average volume of 380,398. New Media Investment Group Inc has a one year low of $8.51 and a one year high of $18.78. The company has a 50 day moving average of $9.39. The stock has a market cap of $593.80 million, a PE ratio of 25.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.90 and a current ratio of 0.99.

New Media Investment Group (NYSE:NEWM) last announced its earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $387.60 million during the quarter. New Media Investment Group had a net margin of 0.62% and a return on equity of 3.12%. New Media Investment Group’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) EPS.

Separately, Citigroup cut shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their target price for the company from $92.00 to $99.00 in a report on Monday.

New Media Investment Group Profile

New Media Investment Group Inc invests in, owns, and operates local media assets in the United States. The company's principal products include 146 daily newspapers with total paid circulation of approximately 1.5 million; 323 weekly newspapers with total paid circulation of approximately 268,000 and total free circulation of approximately 1.4 million; 132 shoppers with total circulation of approximately 3.1 million; and 581 locally-focused Websites, including Internet and mobile devices with approximately 364 million page views per month.

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

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