Winfield Associates Inc. boosted its position in New Media Investment Group Inc. (NYSE:NEWM) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 62,791 shares of the company’s stock after buying an additional 164 shares during the period. Winfield Associates Inc. owned approximately 0.14% of New Media Investment Group worth $973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in New Media Investment Group by 19.2% in the second quarter. Teacher Retirement System of Texas now owns 6,207 shares of the company’s stock worth $112,000 after buying an additional 999 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in New Media Investment Group during the third quarter valued at about $169,000. Nisa Investment Advisors LLC boosted its stake in New Media Investment Group by 909.1% in the third quarter. Nisa Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $172,000 after buying an additional 10,000 shares in the last quarter. Capital Fund Management S.A. bought a new stake in New Media Investment Group during the second quarter valued at about $188,000. Finally, BlackRock Inc. boosted its stake in New Media Investment Group by 280.9% in the second quarter. BlackRock Inc. now owns 11,221 shares of the company’s stock valued at $203,000 after buying an additional 8,275 shares in the last quarter. 65.82% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of New Media Investment Group Inc. (NYSE:NEWM) traded up 0.76% during mid-day trading on Friday, hitting $16.01. 264,339 shares of the company’s stock were exchanged. New Media Investment Group Inc. has a 52 week low of $13.95 and a 52 week high of $19.89. The company has a market capitalization of $713.02 million, a price-to-earnings ratio of 9.77 and a beta of 1.33. The firm has a 50 day moving average price of $15.90 and a 200-day moving average price of $16.34.

New Media Investment Group (NYSE:NEWM) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.07. New Media Investment Group had a return on equity of 6.50% and a net margin of 5.86%. The firm earned $306.80 million during the quarter, compared to analyst estimates of $308.80 million. During the same quarter in the prior year, the company posted $0.14 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that New Media Investment Group Inc. will post $0.85 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Winfield Associates Inc. Purchases 164 Shares of New Media Investment Group Inc. (NEWM)” was first published by Watch List News and is the propert of of Watch List News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of US & international copyright law. The original version of this piece of content can be read at http://www.watchlistnews.com/winfield-associates-inc-purchases-164-shares-of-new-media-investment-group-inc-newm/1060756.html.

Several research firms recently issued reports on NEWM. Zacks Investment Research cut shares of New Media Investment Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 23rd. Barrington Research cut shares of New Media Investment Group from an “outperform” rating to a “market perform” rating in a report on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.00.

In other news, CFO Gregory William Freiberg acquired 85,000 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The shares were purchased at an average price of $15.01 per share, for a total transaction of $1,275,850.00. Following the completion of the acquisition, the chief financial officer now owns 107,769 shares of the company’s stock, valued at approximately $1,617,612.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laurence Tarica acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was purchased at an average price of $15.90 per share, for a total transaction of $159,000.00. The disclosure for this purchase can be found here. 3.46% of the stock is owned by corporate insiders.

New Media Investment Group Company Profile

New Media Investment Group Inc (New Media) is a holding company. The Company 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. The Company is a publisher of locally based print and online media. The Company’s operating segments include Eastern US Publishing, Central US Publishing and Western US Publishing.

5 Day Chart for NYSE:NEWM

Want to see what other hedge funds are holding NEWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Media Investment Group Inc. (NYSE:NEWM).

Receive News & Ratings for New Media Investment Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Media Investment Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.