The stock of New Media Investment Group Inc (NYSE:NEWM) is a huge mover today! About 2.37 million shares traded hands or 448.19% up from the average. New Media Investment Group Inc (NYSE:NEWM) has risen 9.41% since April 18, 2016 and is uptrending. It has outperformed by 4.98% the S&P500.
The move comes after 5 months negative chart setup for the $700.54 million company. It was reported on Nov, 18 by Barchart.com. We have $14.40 PT which if reached, will make NYSE:NEWM worth $56.04M less.
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. The stock of New Media Investment Group Inc (NYSE:NEWM) has “Sell” rating given on Wednesday, August 24 by Citigroup. As per Thursday, March 24, the company rating was maintained by Citigroup. The firm has “Neutral” rating given on Friday, July 29 by Compass Point. As per Monday, August 15, the company rating was maintained by Barrington Research. The firm earned “Neutral” rating on Tuesday, April 5 by Citigroup. The firm has “Buy” rating given on Friday, April 29 by Compass Point. The company was downgraded on Thursday, September 29 by Barrington Research.
According to Zacks Investment Research, “New Media Investment Group, Inc. is an online advertising and digital marketing company. The company’s core products include daily newspapers; weekly newspapers; locally focused Websites; mobile sites and yellow page directories. Its print and online products provide local market news and information that covers various topics, such as local news and politics, community and regional events, youth sports, opinion and editorial pages, and local schools. It also invests in diversified portfolio of local media assets. New Media Investment Group Inc. is based in New York.”
Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.30, from 1.03 in 2016Q1. The ratio increased, 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.
Swiss Retail Bank holds 74,062 shares or 0% of its portfolio. Blackrock Grp holds 0% or 55,032 shares in its portfolio. Diker Mngmt Ltd reported 47,365 shares or 0.33% of all its holdings. The Massachusetts-based Geode Mgmt Ltd Company has invested 0% in New Media Investment Group Inc (NYSE:NEWM). Glenmede Communications Na accumulated 96 shares or 0% of the stock. Convergence Investment Partners Ltd Limited Liability Company holds 47,370 shares or 0.12% of its portfolio. Highvista Strategies Ltd Liability Co has 0.29% invested in the company for 83,861 shares. Citadel Advsrs Ltd Limited Liability Company has 0% invested in the company for 29,908 shares. Teachers Advisors has 0% invested in the company for 70,789 shares. Blackrock Fund accumulated 1.01M shares or 0% of the stock. Blackrock Inv Mgmt Ltd Liability Company has 166,797 shares for 0% of their US portfolio. Ny State Common Retirement Fund accumulated 39,200 shares or 0% of the stock. Grp One Trading L P last reported 0% of its portfolio in the stock. California Public Employees Retirement last reported 0% of its portfolio in the stock. Cornerstone Capital Mngmt Holdings Limited Liability last reported 126,877 shares in the company.
Insider Transactions: Since August 25, 2016, the stock had 3 insider buys, and 0 insider sales for $2.57 million net activity. Shares for $717,000 were bought by Reed Michael. $575,192 worth of shares were bought by COOPERMAN LEON G on Thursday, August 25. 85,000 shares were bought by Freiberg Gregory William, worth $1.28 million.
More news for New Media Investment Group Inc (NYSE:NEWM) were recently published by: Streetinsider.com, which released: “New Media Investment Group (NEWM) Prices 7.5M Share Stock Offering for …” on November 18, 2016. Businesswire.com‘s article titled: “New Media Completes the Sale of the Las Vegas Review-Journal for $140 million …” and published on December 11, 2015 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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