Everence Capital Management Inc. acquired a new stake in shares of New Media Investment Group Inc (NYSE:NEWM) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 11,490 shares of the company’s stock, valued at approximately $121,000.

A number of other institutional investors have also recently made changes to their positions in the business. GSA Capital Partners LLP increased its holdings in shares of New Media Investment Group by 5.2% during the fourth quarter. GSA Capital Partners LLP now owns 40,930 shares of the company’s stock valued at $474,000 after acquiring an additional 2,005 shares in the last quarter. Sontag Advisory LLC bought a new position in shares of New Media Investment Group during the fourth quarter valued at $389,000. BlackRock Inc. increased its holdings in shares of New Media Investment Group by 2.8% during the fourth quarter. BlackRock Inc. now owns 8,862,925 shares of the company’s stock valued at $102,543,000 after acquiring an additional 239,673 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of New Media Investment Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 37,824 shares of the company’s stock valued at $438,000 after acquiring an additional 831 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of New Media Investment Group by 142.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 429,405 shares of the company’s stock valued at $4,956,000 after acquiring an additional 252,618 shares in the last quarter. 85.32% of the stock is owned by institutional investors and hedge funds.

Separately, Citigroup upgraded New Media Investment Group from a “sell” rating to a “neutral” rating in a report on Wednesday, March 27th.

Shares of NYSE:NEWM opened at $9.33 on Thursday. New Media Investment Group Inc has a 1-year low of $9.29 and a 1-year high of $19.10. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. The firm has a market cap of $587.14 million, a PE ratio of 25.54 and a beta of 1.15.

New Media Investment Group (NYSE:NEWM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). New Media Investment Group had a return on equity of 3.12% and a net margin of 0.62%. The firm had revenue of $387.60 million during the quarter. During the same quarter in the previous year, the business earned ($0.01) earnings per share. New Media Investment Group’s revenue was up 13.7% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 16.29%.

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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 146 daily newspapers with total paid circulation of approximately 1.5 million; 323 weekly newspapers with total paid circulation of approximately 268,000 and total free circulation of approximately 1.4 million; 132 shoppers with total circulation of approximately 3.1 million; and 581 locally-focused Websites, including Internet and mobile devices with approximately 364 million page views per month.

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

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