Nisa Investment Advisors LLC boosted its stake in shares of New Media Investment Group Inc. (NYSE:NEWM) by 62.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,450 shares of the company’s stock after buying an additional 6,700 shares during the period. Nisa Investment Advisors LLC’s holdings in New Media Investment Group were worth $239,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Highbridge Capital Management LLC boosted its position in New Media Investment Group by 39.9% in the first quarter. Highbridge Capital Management LLC now owns 36,094 shares of the company’s stock worth $513,000 after buying an additional 10,285 shares in the last quarter. Selz Capital LLC bought a new position in New Media Investment Group during the first quarter worth about $1,151,000. Norges Bank bought a new position in New Media Investment Group during the fourth quarter worth about $15,702,000. Swiss National Bank boosted its position in New Media Investment Group by 3.1% in the first quarter. Swiss National Bank now owns 86,262 shares of the company’s stock worth $1,226,000 after buying an additional 2,600 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in New Media Investment Group by 1.6% in the first quarter. Thrivent Financial For Lutherans now owns 128,370 shares of the company’s stock worth $1,824,000 after buying an additional 1,970 shares in the last quarter. Institutional investors own 76.44% of the company’s stock.

Shares of New Media Investment Group Inc. (NEWM) traded down 0.36% on Tuesday, hitting $13.65. 75,341 shares of the company traded hands. New Media Investment Group Inc. has a 12 month low of $11.87 and a 12 month high of $17.19. The company’s market capitalization is $721.61 million. The stock’s 50-day moving average price is $13.61 and its 200-day moving average price is $13.97.

New Media Investment Group (NYSE:NEWM) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.59. The business had revenue of $322.90 million for the quarter, compared to analyst estimates of $320.54 million. New Media Investment Group had a positive return on equity of 2.22% and a negative net margin of 0.64%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities analysts predict that New Media Investment Group Inc. will post $0.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Wednesday, August 9th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend is Monday, August 7th. New Media Investment Group’s dividend payout ratio is currently -1,272.73%.

New Media Investment Group announced that its Board of Directors has authorized a share buyback program on Wednesday, May 17th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 15.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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NEWM has been the subject of a number of research analyst reports. Stephens raised shares of New Media Investment Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 2nd. Zacks Investment Research cut shares of New Media Investment Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. BidaskClub raised shares of New Media Investment Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, TheStreet cut shares of New Media Investment Group from a “b-” rating to a “c” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.67.

New Media Investment Group Company Profile

New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.

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Institutional Ownership by Quarter for New Media Investment Group (NYSE:NEWM)

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