New Media Investment Group (NEWM) Hits New 1-Year High and Low at $18.36

New Media Investment Group Inc (NYSE:NEWM)’s share price hit a new 52-week high and low during trading on Thursday . The company traded as low as $18.36 and last traded at $18.38, with a volume of 18129 shares trading hands. The stock had previously closed at $18.22.

A number of equities analysts recently commented on NEWM shares. TheStreet upgraded New Media Investment Group from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Zacks Investment Research upgraded New Media Investment Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Saturday, May 26th.

The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.08 billion, a PE ratio of 33.89 and a beta of 1.14.

New Media Investment Group (NYSE:NEWM) last posted its quarterly earnings data on Thursday, May 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $340.80 million during the quarter, compared to the consensus estimate of $336.87 million. New Media Investment Group had a return on equity of 3.42% and a net margin of 0.15%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. equities analysts expect that New Media Investment Group Inc will post 0.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Monday, May 14th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 11th. This represents a $1.48 dividend on an annualized basis and a yield of 8.02%. New Media Investment Group’s dividend payout ratio (DPR) is 274.07%.

In other news, CEO Michael Reed acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, April 10th. The stock was acquired at an average price of $16.45 per share, for a total transaction of $411,250.00. Following the completion of the acquisition, the chief executive officer now owns 270,361 shares in the company, valued at $4,447,438.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.23% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in New Media Investment Group by 3.1% in the first quarter. Rhumbline Advisers now owns 124,105 shares of the company’s stock worth $2,127,000 after purchasing an additional 3,738 shares in the last quarter. Swiss National Bank grew its stake in shares of New Media Investment Group by 5.2% in the fourth quarter. Swiss National Bank now owns 90,762 shares of the company’s stock worth $1,523,000 after acquiring an additional 4,500 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of New Media Investment Group by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 77,011 shares of the company’s stock worth $1,320,000 after acquiring an additional 4,534 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of New Media Investment Group by 22.3% in the first quarter. GSA Capital Partners LLP now owns 28,596 shares of the company’s stock worth $490,000 after acquiring an additional 5,220 shares during the last quarter. Finally, Winfield Associates Inc. grew its stake in shares of New Media Investment Group by 12.3% in the first quarter. Winfield Associates Inc. now owns 51,150 shares of the company’s stock worth $877,000 after acquiring an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 72.61% of the company’s stock.

About New Media Investment Group

New Media Investment Group Inc invests in, owns, and operates local media assets in the United States. The company's principal products include 142 daily newspapers with total paid circulation of approximately 1.5 million; 326 weekly newspapers with total paid circulation of approximately 318,000 and total free circulation of approximately 2.0 million; 140 shoppers with total circulation of approximately 3.5 million; and 569 locally-focused Websites, including Internet and mobile devices with approximately 290 million page views per month.

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