Two Sigma Investments LP Invests $163,000 in New Media Investment Group Inc (NEWM) Stock

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Two Sigma Investments LP purchased a new position in New Media Investment Group Inc (NYSE:NEWM) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 14,105 shares of the company’s stock, valued at approximately $163,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Citigroup Inc. lifted its stake in shares of New Media Investment Group by 33.0% during the fourth quarter. Citigroup Inc. now owns 8,605 shares of the company’s stock worth $99,000 after buying an additional 2,137 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of New Media Investment Group during the third quarter worth $187,000. AQR Capital Management LLC acquired a new stake in shares of New Media Investment Group during the third quarter worth $194,000. Crossmark Global Holdings Inc. lifted its stake in shares of New Media Investment Group by 9.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 19,250 shares of the company’s stock worth $223,000 after buying an additional 1,710 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of New Media Investment Group during the fourth quarter worth $239,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on NEWM. Zacks Investment Research downgraded shares of New Media Investment Group from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. ValuEngine upgraded shares of New Media Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Citigroup upgraded shares of New Media Investment Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 27th.

NYSE:NEWM opened at $10.89 on Wednesday. New Media Investment Group Inc has a 12 month low of $10.46 and a 12 month high of $19.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.20 and a quick ratio of 1.10. The firm has a market cap of $653.01 million, a PE ratio of 27.92 and a beta of 1.16.

New Media Investment Group (NYSE:NEWM) last posted its earnings results on Wednesday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.24). The business had revenue of $416.00 million for the quarter. New Media Investment Group had a net margin of 1.19% and a return on equity of 2.73%. New Media Investment Group’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $0.38 per share. The ex-dividend date was Friday, March 8th. This represents a $1.52 dividend on an annualized basis and a yield of 13.96%. New Media Investment Group’s dividend payout ratio is presently 389.74%.

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About New Media Investment Group

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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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)

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