New Media Investment Group Inc. (NYSE:NEWM) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday, November 14th.

New Media Investment Group (NEWM) opened at $17.13 on Tuesday. The stock has a market capitalization of $911.66, a PE ratio of 47.58 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 1.84. New Media Investment Group has a 12 month low of $11.87 and a 12 month high of $17.23.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of New Media Investment Group by 77.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,481 shares of the company’s stock worth $141,000 after buying an additional 4,581 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of New Media Investment Group in the 2nd quarter worth approximately $158,000. WBI Investments Inc. purchased a new position in shares of New Media Investment Group in the 2nd quarter worth approximately $166,000. UBS Asset Management Americas Inc. purchased a new position in shares of New Media Investment Group in the 1st quarter worth approximately $214,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of New Media Investment Group by 62.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,450 shares of the company’s stock worth $239,000 after buying an additional 6,700 shares during the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.

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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.

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