New Media Investment Group Inc. (NYSE:NEWM) is expected to pay $0.35 on Nov 17, 2016. The indicated annual dividend is $1.40. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on New Media Investment Group Inc.’s current price of $14.84, the dividend is 2.36%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 27, 2016. The stock increased 3.06% or $0.44 on November 4, hitting $14.84. About 433,447 shares traded hands or 4.63% up from the average. New Media Investment Group Inc (NYSE:NEWM) has declined 0.07% since April 5, 2016 and is downtrending. It has underperformed by 2.02% the S&P500.
New Media Investment Group Inc. is a holding company. The company has a market cap of $661.67 million. The Firm owns, operates and invests in local media assets. It has a 9.04 P/E ratio. It has a focus on owning and acquiring local media assets in small to mid-size markets.
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.55, from 1.58 in 2016Q1. The ratio fall, as 17 funds sold all New Media Investment Group Inc shares owned while 50 reduced positions. 31 funds bought stakes while 38 increased positions. They now own 34.31 million shares or 0.81% less from 34.59 million shares in 2016Q1.
Great West Life Assurance Comm Can last reported 3,479 shares in the company. Strs Ohio reported 15,200 shares or 0% of all its holdings. Westfield Cap Mngmt Lp accumulated 0% or 21,500 shares. Citadel Lc reported 29,908 shares or 0% of all its holdings. The Massachusetts-based Wellington Mgmt Group Ltd Liability Partnership has invested 0% in New Media Investment Group Inc (NYSE:NEWM). Amer Intl Grp Inc Inc accumulated 22,365 shares or 0% of the stock. Kings Point Mngmt accumulated 898 shares or 0% of the stock. Omega Advsr Incorporated reported 3.17 million shares or 1.62% of all its holdings. Janney Montgomery Scott Ltd Co owns 18,608 shares or 0.01% of their US portfolio. New York State Common Retirement Fund holds 39,200 shares or 0% of its portfolio. Stanley last reported 45,205 shares in the company. Plancorp Limited Com holds 73,269 shares or 1.17% of its portfolio. Arcadia Investment Mgmt Mi has 1,175 shares for 0.01% of their US portfolio. Us Retail Bank De owns 726 shares or 0% of their US portfolio. Natl Bank Of New York Mellon Corp has 586,761 shares for 0% of their US portfolio.
Insider Transactions: Since May 10, 2016, the stock had 3 buys, and 0 selling transactions for $2.25 million net activity. $575,192 worth of shares were bought by COOPERMAN LEON G on Thursday, August 25. $402,415 worth of New Media Investment Group Inc (NYSE:NEWM) was bought by Freiberg Gregory William. The insider Reed Michael bought $717,000.
New Media Investment Group Inc (NYSE:NEWM) Ratings Coverage
Out of 3 analysts covering New Media Investment Group Inc. (NYSE:NEWM), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. New Media Investment Group Inc. has been the topic of 7 analyst reports since March 24, 2016 according to StockzIntelligence Inc. Citigroup downgraded the shares of NEWM in a report on Tuesday, April 5 to “Neutral” rating. On Wednesday, August 24 the stock rating was downgraded by Citigroup to “Sell”. The firm earned “Neutral” rating on Friday, July 29 by Compass Point. The firm earned “Buy” rating on Friday, April 29 by Compass Point. As per Thursday, March 24, the company rating was maintained by Citigroup. The firm earned “Market Perform” rating on Thursday, September 29 by Barrington Research. The rating was maintained by Barrington Research with “Outperform” on Monday, August 15.
More news for New Media Investment Group Inc (NYSE:NEWM) were recently published by: Businesswire.com, which released: “New Media Completes the Sale of the Las Vegas Review-Journal for $140 million …” on December 11, 2015. Benzinga.com‘s article titled: “Citi Sees The Bear Case In New Media Investment Group As ‘More Likely'” and published on August 24, 2016 is yet another important article.
NEWM Company Profile
New Media Investment Group Inc. (New Media), incorporated on June 18, 2013, is a holding company. The Firm owns, operates and invests in local media assets. It has a focus on owning and acquiring local media assets in small to mid-size markets. With its collection of assets, it focuses on two business categories: clients and small to medium size businesses (SMBs). The Company’s operating divisions include Eastern US Publishing, Central US Publishing and Western US Publishing. The Firm is a publisher of locally based print and online media. The Company’s portfolio of media assets spans across approximately 490 markets and over 30 states. The Company’s products include approximately 560 community print publications, over 490 Websites, approximately 480 mobile sites and over six yellow page directories.
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