New Media Investment Group Inc: Leon Cooperman’s Cooperman Leon G Makes Purchase

February 15, 2018 - By Adrian Erickson

 New Media Investment Group Inc: Leon Cooperman's Cooperman Leon G Makes Purchase

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.10, from 1.48 in 2017Q2. It increased, as 13 investors sold New Media Investment Group Inc. shares while 35 reduced holdings. 21 funds opened positions while 55 raised stakes. 40.63 million shares or 2.90% more from 39.48 million shares in 2017Q2 were reported.

Us Bank & Trust De has invested 0% of its portfolio in New Media Investment Group Inc. (NYSE:NEWM). Riverhead Capital Limited Liability Corp reported 0% in New Media Investment Group Inc. (NYSE:NEWM). Bridgeway Capital Management holds 171,900 shares. Goldman Sachs Grp owns 390,636 shares or 0% of their US portfolio. Parametric Associates Limited Liability reported 0% stake. Price T Rowe Inc Md reported 0% stake. Virginia Retirement Sys Et Al holds 0.01% in New Media Investment Group Inc. (NYSE:NEWM) or 37,300 shares. State Teachers Retirement Systems has 0% invested in New Media Investment Group Inc. (NYSE:NEWM). Swiss Bancorporation holds 0% in New Media Investment Group Inc. (NYSE:NEWM) or 86,262 shares. Mason Street Advisors Ltd Llc reported 13,483 shares. Georgia-based Buckhead Mgmt Limited Liability Co has invested 0.17% in New Media Investment Group Inc. (NYSE:NEWM). Qci Asset Mgmt Inc Ny holds 337 shares or 0% of its portfolio. Prelude Capital Mgmt Limited Com has invested 0.01% of its portfolio in New Media Investment Group Inc. (NYSE:NEWM). Teachers Retirement Of The State Of Kentucky holds 19,600 shares. Ameritas Inv reported 0% stake.

The New Leon Cooperman’s Cooperman Leon G Holding in New Media Investment Group Inc

Cooperman Leon G reported SC 13G/A form with the SEC for New Media Investment Group Inc. Access it here: 000094366318000074. As reported by Leon Cooperman’s Cooperman Leon G, the filler owns 9.09% or 4,838,681 shares of the Consumer Discretionary–company.

New Media Investment Group Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Leon Cooperman’s Cooperman Leon G’s positive view for New Media Investment Group Inc. For a hedge fund managing $12.65 billion in assets and having 38+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Leon Cooperman’s Cooperman Leon G’s portfolio is in the sector.

New Media Investment Group Inc Institutional Sentiment

Filings show 138 investors own New Media Investment Group Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 1844064. 31072562 were owned by these investors. 22 funds opened new New Media Investment Group Inc stakes, 53 increased positions. There were 23 that closed positions and 43 reduced them.

2 investors had the stock in their top 10. Some are: .

Berson & Corrado Investment Advisors Llc is an investor bullish on New Media Investment Group Inc, owning 378900 shares as of Q3 2015 for 3.32% of its portfolio. Trishield Capital Management Llc owns 1220441 shares or 20.93% of its portfolio. CA Guild Investment Management Inc have 6.09% of its portfolio for 175690 shares. Further, United Capital Financial Advisers Llc reported stake worth 0.05% of its portfolio. The MD Croft-Leominster Inc owns 11100 shares. New Media Investment Group Inc is 0.04% of its portfolio.

SEC Form 13G.

Leon Cooperman’s Cooperman Leon G website.

The stock increased 0.94% or $0.15 during the last trading session, reaching $16.15. About 79,616 shares traded. New Media Investment Group Inc. (NYSE:NEWM) has declined 23.77% since February 15, 2017 and is downtrending. It has underperformed by 40.47% the S&P500.

New Media Investment Group Inc. invests in, owns, and operates local media assets in the United States. The company has market cap of $853.86 million. The company's principal products include 125 daily newspapers with total paid circulation of approximately 1.4 million; 314 weekly newspapers with total paid circulation of approximately 315,000 and total free circulation of approximately 1.9 million; 124 shoppers with total circulation of approximately 3.0 million; and 538 locally-focused Websites, including Internet and mobile devices with approximately 224 million page views per month. It currently has negative earnings. The Company’s principal products also comprise 2 yellow page directories with a total distribution of approximately 230,000 that cover a population of approximately 411,000 people; 68 business publications; and Propel digital marketing and business services.

New Media Investment Group Inc. (NYSE:NEWM) Ratings Coverage

Among 3 analysts covering New Media Investment Group Inc. (NYSE:NEWM), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. New Media Investment Group Inc. has $28 highest and $13 lowest target. $17.33’s average target is 7.31% above currents $16.15 stock price. New Media Investment Group Inc. had 7 analyst reports since March 24, 2016 according to SRatingsIntel. As per Friday, April 29, the company rating was maintained by Compass Point. On Thursday, September 29 the stock rating was downgraded by Barrington Research to “Market Perform”. Citigroup downgraded New Media Investment Group Inc. (NYSE:NEWM) rating on Wednesday, August 24. Citigroup has “Sell” rating and $13 target. The firm has “Buy” rating given on Thursday, March 24 by Citigroup. Citigroup downgraded the shares of NEWM in report on Tuesday, April 5 to “Neutral” rating. The rating was downgraded by Compass Point on Friday, July 29 to “Neutral”. The stock of New Media Investment Group Inc. (NYSE:NEWM) earned “Outperform” rating by Barrington Research on Monday, August 15.

More news for New Media Investment Group Inc. (NYSE:NEWM) were recently published by: Nasdaq.com, which released: “Publishing Industry Stock Outlook – February 2018” on February 14, 2018. Nasdaq.com‘s article titled: “Zacks Industry Outlook Highlights: McClatchy, Gannett, New York Times and New …” and published on February 14, 2018 is yet another important article.

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