New Media Investment Group (NYSE:NEWM) Receiving Positive Media Coverage, Analysis Shows

News headlines about New Media Investment Group (NYSE:NEWM) have trended positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. New Media Investment Group earned a media sentiment score of 2.57 on their scale. InfoTrie also gave news coverage about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have effected New Media Investment Group’s analysis:

New Media Investment Group stock traded down $0.21 during mid-day trading on Friday, reaching $6.36. 1,418,051 shares of the company were exchanged, compared to its average volume of 1,669,726. New Media Investment Group has a twelve month low of $6.33 and a twelve month high of $14.11. The firm’s 50-day simple moving average is $8.40 and its two-hundred day simple moving average is $9.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.92. The firm has a market cap of $404.01 million, a PE ratio of 222.67 and a beta of 1.12.

New Media Investment Group (NYSE:NEWM) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.43). New Media Investment Group had a positive return on equity of 0.17% and a negative net margin of 0.73%. The company had revenue of $376.60 million for the quarter. During the same period last year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.52 dividend on an annualized basis and a yield of 23.90%.

Separately, Citigroup decreased their price objective on New Media Investment Group from $14.00 to $11.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th.

In other New Media Investment Group news, CEO Michael Reed bought 250,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of $8.78 per share, with a total value of $2,195,000.00. Following the purchase, the chief executive officer now owns 627,361 shares in the company, valued at approximately $5,508,229.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin M. Sheehan bought 15,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of $8.76 per share, with a total value of $131,400.00. Following the completion of the purchase, the director now owns 48,070 shares in the company, valued at approximately $421,093.20. The disclosure for this purchase can be found here. 1.82% of the stock is currently owned by company insiders.

About New Media Investment Group

New Media Investment Group Inc invests in, owns, and operates local media assets in the United States. The company's principal products include 146 daily newspapers with total paid circulation of approximately 1.5 million; 323 weekly newspapers with total paid circulation of approximately 268,000 and total free circulation of approximately 1.4 million; 132 shoppers with total circulation of approximately 3.1 million; and 581 locally-focused Websites, including Internet and mobile devices with approximately 364 million page views per month.

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