UBS Asset Management Americas Inc. maintained its position in shares of New Media Investment Group Inc. (NYSE:NEWM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,095 shares of the company’s stock at the close of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in New Media Investment Group were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NEWM. Texas Permanent School Fund increased its holdings in New Media Investment Group by 0.8% during the second quarter. Texas Permanent School Fund now owns 39,039 shares of the company’s stock valued at $526,000 after buying an additional 324 shares during the period. Royce & Associates LP grew its holdings in New Media Investment Group by 0.5% in the second quarter. Royce & Associates LP now owns 468,100 shares of the company’s stock worth $6,310,000 after purchasing an additional 2,200 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in New Media Investment Group by 14.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,600 shares of the company’s stock worth $279,000 after purchasing an additional 2,500 shares during the last quarter. Victory Capital Management Inc. grew its holdings in New Media Investment Group by 8.1% in the second quarter. Victory Capital Management Inc. now owns 35,643 shares of the company’s stock worth $480,000 after purchasing an additional 2,664 shares during the last quarter. Finally, Virginia Retirement Systems ET AL grew its holdings in New Media Investment Group by 4.0% in the second quarter. Virginia Retirement Systems ET AL now owns 98,300 shares of the company’s stock worth $1,325,000 after purchasing an additional 3,800 shares during the last quarter. 75.15% of the stock is owned by hedge funds and other institutional investors.

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Shares of New Media Investment Group Inc. (NYSE NEWM) opened at $15.72 on Monday. The firm has a market cap of $836.62, a price-to-earnings ratio of 43.67 and a beta of 1.31. The company has a current ratio of 1.84, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Wednesday, November 8th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, November 7th. This is a positive change from New Media Investment Group’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.41%. New Media Investment Group’s payout ratio is -666.67%.

Separately, BidaskClub lowered shares of New Media Investment Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

In related news, CEO Michael Reed acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $13.60 per share, with a total value of $272,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 235,769 shares of the company’s stock, valued at $3,206,458.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 5.34% of the stock is owned by insiders.

New Media Investment Group 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.

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

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