New Media Investment Group (NEWM) Reaches New 52-Week Low at $13.90

New Media Investment Group Inc (NYSE:NEWM) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $13.90 and last traded at $14.53, with a volume of 36591 shares changing hands. The stock had previously closed at $15.63.

A number of brokerages recently commented on NEWM. Zacks Investment Research upgraded shares of New Media Investment Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. ValuEngine lowered shares of New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd.

The company has a market cap of $921.28 million, a P/E ratio of 26.02 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.32.



New Media Investment Group (NYSE:NEWM) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). New Media Investment Group had a net margin of 2.46% and a return on equity of 5.60%. The company had revenue of $388.80 million during the quarter, compared to analyst estimates of $367.84 million. During the same quarter last year, the company posted ($0.41) EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts expect that New Media Investment Group Inc will post 0.72 earnings per share for the current year.

In related news, CEO Michael Reed purchased 32,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average price of $15.74 per share, for a total transaction of $503,680.00. Following the purchase, the chief executive officer now owns 302,361 shares in the company, valued at $4,759,162.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.23% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in NEWM. Tower Research Capital LLC TRC acquired a new position in shares of New Media Investment Group during the 2nd quarter worth approximately $167,000. Commonwealth Equity Services LLC acquired a new position in shares of New Media Investment Group during the 1st quarter worth approximately $177,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of New Media Investment Group during the 2nd quarter worth approximately $236,000. Cubist Systematic Strategies LLC acquired a new position in shares of New Media Investment Group during the 2nd quarter worth approximately $275,000. Finally, Fox Run Management L.L.C. grew its position in shares of New Media Investment Group by 98.9% during the 2nd quarter. Fox Run Management L.L.C. now owns 20,317 shares of the company’s stock worth $375,000 after purchasing an additional 10,103 shares in the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.

About New Media Investment Group (NYSE:NEWM)

New Media Investment Group Inc invests in, owns, and operates local media assets in the United States. The company's principal products include 142 daily newspapers with total paid circulation of approximately 1.5 million; 326 weekly newspapers with total paid circulation of approximately 318,000 and total free circulation of approximately 2.0 million; 140 shoppers with total circulation of approximately 3.5 million; and 569 locally-focused Websites, including Internet and mobile devices with approximately 290 million page views per month.

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