SG Americas Securities LLC raised its position in shares of New Media Investment Group Inc. (NYSE:NEWM) by 68.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,652 shares of the company’s stock after purchasing an additional 11,256 shares during the period. SG Americas Securities LLC owned 0.05% of New Media Investment Group worth $373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEWM. Highbridge Capital Management LLC raised its stake in shares of New Media Investment Group by 39.9% in the 1st quarter. Highbridge Capital Management LLC now owns 36,094 shares of the company’s stock valued at $513,000 after acquiring an additional 10,285 shares in the last quarter. Swiss National Bank raised its stake in shares of New Media Investment Group by 3.1% in the 1st quarter. Swiss National Bank now owns 86,262 shares of the company’s stock valued at $1,226,000 after acquiring an additional 2,600 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of New Media Investment Group by 1.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 128,370 shares of the company’s stock valued at $1,824,000 after acquiring an additional 1,970 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of New Media Investment Group by 32.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,358,175 shares of the company’s stock valued at $19,298,000 after acquiring an additional 336,109 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of New Media Investment Group by 6.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 71,588 shares of the company’s stock valued at $1,017,000 after acquiring an additional 4,580 shares in the last quarter. 75.05% of the stock is owned by institutional investors.

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NEWM has been the topic of a number of recent analyst reports. BidaskClub raised New Media Investment Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised New Media Investment Group from a “strong sell” rating to a “hold” rating in a report on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.00.

In other news, CEO Michael Reed bought 20,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $13.60 per share, for a total transaction of $272,000.00. Following the completion of the purchase, the chief executive officer now owns 235,769 shares in the company, valued at $3,206,458.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.34% of the stock is currently owned by company insiders.

Shares of New Media Investment Group Inc. (NYSE:NEWM) opened at 13.74 on Thursday. New Media Investment Group Inc. has a 12-month low of $11.87 and a 12-month high of $17.19. The firm’s market cap is $726.37 million. The firm has a 50-day moving average price of $13.64 and a 200-day moving average price of $13.69.

New Media Investment Group (NYSE:NEWM) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.59). The business had revenue of $322.90 million during the quarter, compared to the consensus estimate of $320.54 million. New Media Investment Group had a negative net margin of 0.64% and a positive return on equity of 2.22%. New Media Investment Group’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities research analysts anticipate that New Media Investment Group Inc. will post ($0.03) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 7th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.19%. New Media Investment Group’s dividend payout ratio (DPR) is currently -1,272.73%.

New Media Investment Group announced that its Board of Directors has initiated a share buyback program on Wednesday, May 17th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 15.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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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