New Media Investment Group Inc (NYSE:NEWM) Shares Sold by Nwam LLC

Nwam LLC lessened its position in New Media Investment Group Inc (NYSE:NEWM) by 7.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,040 shares of the company’s stock after selling 3,393 shares during the quarter. Nwam LLC owned approximately 0.08% of New Media Investment Group worth $705,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NEWM. Schwab Charles Investment Management Inc. lifted its position in shares of New Media Investment Group by 51.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 308,103 shares of the company’s stock valued at $4,154,000 after acquiring an additional 104,357 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of New Media Investment Group by 44.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 241,391 shares of the company’s stock valued at $3,254,000 after acquiring an additional 74,107 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of New Media Investment Group by 1.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 292,683 shares of the company’s stock valued at $3,947,000 after acquiring an additional 4,231 shares in the last quarter. Nationwide Fund Advisors lifted its position in New Media Investment Group by 56.3% in the 2nd quarter. Nationwide Fund Advisors now owns 58,242 shares of the company’s stock worth $785,000 after buying an additional 20,972 shares in the last quarter. Finally, BlackRock Inc. lifted its position in New Media Investment Group by 2.1% in the 2nd quarter. BlackRock Inc. now owns 6,826,522 shares of the company’s stock worth $92,021,000 after buying an additional 140,486 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

New Media Investment Group Inc (NYSE:NEWM) traded down $0.21 during mid-day trading on Tuesday, reaching $15.78. 14,647 shares of the company’s stock were exchanged, compared to its average volume of 234,366. New Media Investment Group Inc has a 12 month low of $11.87 and a 12 month high of $17.62. 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 stock has a market cap of $849.93, a P/E ratio of -75.12 and a beta of 1.26.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of New Media Investment Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BidaskClub upgraded shares of New Media Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th.

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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.

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

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