New Media Investment Group Inc (NYSE:NEWM) Holdings Lifted by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its position in shares of New Media Investment Group Inc (NYSE:NEWM) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,914 shares of the company’s stock after buying an additional 6,830 shares during the quarter. Great West Life Assurance Co. Can’s holdings in New Media Investment Group were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its stake in New Media Investment Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 37,824 shares of the company’s stock worth $438,000 after buying an additional 831 shares during the period. American Century Companies Inc. lifted its position in shares of New Media Investment Group by 0.3% during the fourth quarter. American Century Companies Inc. now owns 368,442 shares of the company’s stock worth $4,263,000 after purchasing an additional 1,001 shares during the last quarter. Rhumbline Advisers lifted its position in shares of New Media Investment Group by 0.7% during the first quarter. Rhumbline Advisers now owns 168,711 shares of the company’s stock worth $1,771,000 after purchasing an additional 1,094 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of New Media Investment Group by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 35,512 shares of the company’s stock worth $411,000 after purchasing an additional 1,369 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of New Media Investment Group by 2.6% during the first quarter. Comerica Bank now owns 53,883 shares of the company’s stock worth $599,000 after purchasing an additional 1,386 shares during the last quarter. 86.02% of the stock is owned by institutional investors.

Separately, Citigroup upgraded New Media Investment Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 27th.

NYSE:NEWM opened at $9.33 on Friday. New Media Investment Group Inc has a twelve month low of $8.51 and a twelve month high of $19.10. The firm has a market cap of $558.69 million, a PE ratio of 23.67 and a beta of 1.18. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.78.

New Media Investment Group (NYSE:NEWM) last released its earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). New Media Investment Group had a return on equity of 3.12% and a net margin of 0.62%. The business had revenue of $387.60 million during the quarter. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 16.29%.

TRADEMARK VIOLATION NOTICE: “New Media Investment Group Inc (NYSE:NEWM) Holdings Lifted by Great West Life Assurance Co. Can” was originally reported by Markets Daily and is owned by of Markets Daily. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.themarketsdaily.com/2019/06/14/new-media-investment-group-inc-nysenewm-holdings-lifted-by-great-west-life-assurance-co-can.html.

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 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.

Featured Story: How do taxes affect a CDs total return?

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.