Engineers Gate Manager LP reduced its position in New Media Investment Group Inc. (NYSE:NEWM) by 35.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,307 shares of the company’s stock after selling 15,095 shares during the period. Engineers Gate Manager LP owned 0.05% of New Media Investment Group worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NEWM. Great West Life Assurance Co. Can raised its stake in New Media Investment Group by 5.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 75,588 shares of the company’s stock valued at $1,018,000 after acquiring an additional 4,000 shares during the period. Texas Permanent School Fund raised its stake in New Media Investment Group by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 39,039 shares of the company’s stock valued at $526,000 after acquiring an additional 324 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of New Media Investment Group by 51.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 308,103 shares of the company’s stock valued at $4,154,000 after buying an additional 104,357 shares during the period. Rhumbline Advisers increased its position in shares of New Media Investment Group by 8.2% during the second quarter. Rhumbline Advisers now owns 100,873 shares of the company’s stock valued at $1,360,000 after buying an additional 7,683 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of New Media Investment Group by 68.7% during the second quarter. SG Americas Securities LLC now owns 27,652 shares of the company’s stock valued at $373,000 after buying an additional 11,256 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Separately, BidaskClub upgraded New Media Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th.

Shares of New Media Investment Group Inc. (NYSE:NEWM) traded up $0.24 on Friday, hitting $17.03. The stock had a trading volume of 988,412 shares, compared to its average volume of 255,527. 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 market capitalization of $906.34, a PE ratio of 47.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 1.84.

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About New Media Investment Group

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.

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

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