48,053 Shares in New Media Investment Group Inc. (NEWM) Acquired by Marshall Wace North America L.P.

Marshall Wace North America L.P. acquired a new stake in shares of New Media Investment Group Inc. (NYSE:NEWM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 48,053 shares of the company’s stock, valued at approximately $625,000. Marshall Wace North America L.P. owned approximately 0.09% of New Media Investment Group as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings 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 valued at $242,000 after purchasing an additional 5,928 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of New Media Investment Group by 10.0% during the second quarter. Legal & General Group Plc now owns 103,601 shares of the company’s stock valued at $1,396,000 after purchasing an additional 9,391 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of New Media Investment Group by 68.7% during the second quarter. SG Americas Securities LLC now owns 27,652 shares of the company’s stock valued at $373,000 after purchasing an additional 11,256 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of New Media Investment Group by 8.2% during the second quarter. Rhumbline Advisers now owns 100,873 shares of the company’s stock valued at $1,360,000 after purchasing an additional 7,683 shares during the last quarter. Finally, Clark Estates Inc. NY purchased a new position in shares of New Media Investment Group during the second quarter valued at approximately $2,898,000. 75.05% of the stock is currently owned by institutional investors and hedge funds.

In other New Media Investment Group news, CEO Michael Reed acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.34% of the stock is currently owned by company insiders.

New Media Investment Group Inc. (NEWM) opened at 13.72 on Wednesday. The stock’s 50 day moving average is $13.64 and its 200 day moving average is $13.70. New Media Investment Group Inc. has a 12-month low of $11.87 and a 12-month high of $17.19. The stock’s market capitalization is $725.31 million.

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 Zacks’ consensus estimate of $0.18 by ($0.59). New Media Investment Group had a negative net margin of 0.64% and a positive return on equity of 2.22%. The business had revenue of $322.90 million for the quarter, compared to the consensus estimate of $320.54 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. New Media Investment Group’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts predict that New Media Investment Group Inc. will post ($0.03) earnings per share for the current fiscal year.

New Media Investment Group declared that its board has initiated a share buyback plan on Wednesday, May 17th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 15.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed 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 10.20%. New Media Investment Group’s dividend payout ratio is presently -1,272.73%.

Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of New Media Investment Group from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of New Media Investment Group from a “strong sell” rating to a “hold” rating in a report on Thursday, June 29th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.

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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.

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

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