Berson & Corrado Investment Advisors LLC raised its stake in New Media Investment Group Inc (NYSE:NEWM) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,959 shares of the company’s stock after buying an additional 8,109 shares during the period. New Media Investment Group makes up about 2.5% of Berson & Corrado Investment Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Berson & Corrado Investment Advisors LLC’s holdings in New Media Investment Group were worth $4,211,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its position in New Media Investment Group by 2.1% during the 2nd quarter. BlackRock Inc. now owns 6,826,522 shares of the company’s stock worth $92,021,000 after purchasing an additional 140,486 shares in the last quarter. Dimensional Fund Advisors LP grew its position in New Media Investment Group by 15.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,288,336 shares of the company’s stock worth $33,845,000 after purchasing an additional 309,474 shares in the last quarter. Wells Fargo & Company MN grew its position in New Media Investment Group by 2.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,448,678 shares of the company’s stock worth $21,425,000 after purchasing an additional 27,911 shares in the last quarter. State Street Corp grew its position in New Media Investment Group by 6.4% during the 2nd quarter. State Street Corp now owns 1,309,928 shares of the company’s stock worth $17,657,000 after purchasing an additional 78,311 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC grew its position in New Media Investment Group by 5.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 640,379 shares of the company’s stock worth $9,471,000 after purchasing an additional 32,722 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

New Media Investment Group Inc (NYSE NEWM) traded up $0.08 during midday trading on Wednesday, reaching $16.48. 275,821 shares of the company’s stock traded hands, compared to its average volume of 202,800. New Media Investment Group Inc has a 12-month low of $11.87 and a 12-month high of $17.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 1.84. The stock has a market cap of $873.34, a PE ratio of -78.48 and a beta of 1.35.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of New Media Investment Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of New Media Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th.

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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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