Shares of New Media Investment Group Inc. (NYSE:NEWM) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.00.

NEWM has been the topic of several research analyst reports. Zacks Investment Research raised New Media Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Stephens upgraded New Media Investment Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 2nd. TheStreet downgraded New Media Investment Group from a “b-” rating to a “c” rating in a research report on Friday, May 5th. Finally, BidaskClub downgraded New Media Investment Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Shares of New Media Investment Group (NEWM) traded down 2.27% on Friday, hitting $13.32. 424,341 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $13.60 and its 200 day moving average price is $14.00. New Media Investment Group has a 1-year low of $11.87 and a 1-year high of $17.19. The company’s market cap is $704.16 million.

New Media Investment Group (NYSE:NEWM) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.59. The business had revenue of $322.90 million during the quarter, compared to analyst estimates of $320.54 million. New Media Investment Group had a negative net margin of 0.64% and a positive return on equity of 2.22%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. On average, equities research analysts expect that New Media Investment Group will post $0.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Wednesday, August 9th will be given a $0.35 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.40 annualized dividend and a yield of 10.51%. New Media Investment Group’s dividend payout ratio is presently -1,272.73%.

New Media Investment Group declared that its board has approved a stock repurchase plan on Wednesday, May 17th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 15.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of NEWM. Dimensional Fund Advisors LP increased its position in New Media Investment Group by 26.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,216,856 shares of the company’s stock valued at $19,458,000 after buying an additional 255,622 shares in the last quarter. Norges Bank bought a new position in shares of New Media Investment Group during the fourth quarter worth about $15,702,000. Teachers Advisors LLC increased its position in shares of New Media Investment Group by 40.4% in the fourth quarter. Teachers Advisors LLC now owns 99,379 shares of the company’s stock worth $1,589,000 after buying an additional 28,590 shares during the period. Highbridge Capital Management LLC bought a new position in shares of New Media Investment Group during the fourth quarter worth about $413,000. Finally, Louisiana State Employees Retirement System increased its position in shares of New Media Investment Group by 3.3% in the first quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock worth $310,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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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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