New Media Investment Group Inc (NYSE:NEWM): Institutional Investors Are Worried

May 19, 2018 - By Kurt Siggers

Sentiment for New Media Investment Group Inc (NYSE:NEWM)

New Media Investment Group Inc (NYSE:NEWM) institutional sentiment decreased to 1.16 in Q4 2017. Its down -0.42, from 1.58 in 2017Q3. The ratio dived, as 74 funds opened new or increased equity positions, while 64 decreased and sold equity positions in New Media Investment Group Inc. The funds in our partner’s database now possess: 40.61 million shares, down from 40.63 million shares in 2017Q3. Also, the number of funds holding New Media Investment Group Inc in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 15 Reduced: 49 Increased: 47 New Position: 27.

New Media Investment Group Inc. invests in, owns, and operates local media assets in the United States. The company has market cap of $1.03 billion. The companyÂ’s principal products include 125 daily newspapers with total paid circulation of approximately 1.4 million; 314 weekly newspapers with total paid circulation of approximately 315,000 and total free circulation of approximately 1.9 million; 124 shoppers with total circulation of approximately 3.0 million; and 538 locally-focused Websites, including Internet and mobile devices with approximately 224 million page views per month. It currently has negative earnings. The Company’s principal products also comprise 2 yellow page directories with a total distribution of approximately 230,000 that cover a population of approximately 411,000 people; 68 business publications; and Propel digital marketing and business services.

The stock increased 0.94% or $0.16 during the last trading session, reaching $17.23. About 299,644 shares traded. New Media Investment Group Inc. (NYSE:NEWM) has risen 22.07% since May 19, 2017 and is uptrending. It has outperformed by 10.52% the S&P500.

Berson & Corrado Investment Advisors Llc holds 2.46% of its portfolio in New Media Investment Group Inc. for 250,959 shares. Gilman Hill Asset Management Llc owns 257,651 shares or 1.76% of their US portfolio. Moreover, Omega Advisors Inc. has 1.65% invested in the company for 2.62 million shares. The New York-based Shikiar Asset Management Inc has invested 1.47% in the stock. Clark Estates Inc Ny, a New York-based fund reported 233,000 shares.

Since January 1, 0001, it had 1 buy, and 0 insider sales for $411,250 activity.

More notable recent New Media Investment Group Inc. (NYSE:NEWM) news were published by: Investorplace.com which released: “10 ‘Toxic’ Stocks Investors Will Dump Next” on May 04, 2018, also Streetinsider.com with their article: “New Media Investment Group (NEWM) Declares $0.37 Quarterly Dividend; 8.9% Yield” published on May 03, 2018, Streetinsider.com published: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018. More interesting news about New Media Investment Group Inc. (NYSE:NEWM) were released by: Seekingalpha.com and their article: “New Media Investment’s (NEWM) CEO Mike Reed on Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018 as well as Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within Sun Communities, Anheuser-Busch InBev SA/NV, New Media …” with publication date: May 17, 2018.

New Media Investment Group Inc. (NYSE:NEWM) Institutional Positions Chart

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