New Media Investment Group Inc: Leon Cooperman’s Cooperman Leon G Bought Stake

February 15, 2018 - By Lynda A. Deweese

 New Media Investment Group Inc: Leon Cooperman's Cooperman Leon G Bought Stake

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.10, from 1.48 in 2017Q2. It improved, 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.

Legal & General Gp Public Limited Company has 0% invested in New Media Investment Group Inc. (NYSE:NEWM). Tci Wealth Inc invested 0% in New Media Investment Group Inc. (NYSE:NEWM). State Street Corporation holds 0% or 1.36M shares in its portfolio. The New York-based Omega Advsr Inc has invested 1.58% in New Media Investment Group Inc. (NYSE:NEWM). Omers Administration Corp invested 0% of its portfolio in New Media Investment Group Inc. (NYSE:NEWM). Qs Investors Ltd Co has 2,287 shares. Aqr Management Limited Liability Co holds 0% or 11,079 shares in its portfolio. Symons holds 0.16% or 41,492 shares. Macquarie Group Limited has invested 0% in New Media Investment Group Inc. (NYSE:NEWM). Balyasny Asset Mgmt Limited Company holds 0% in New Media Investment Group Inc. (NYSE:NEWM) or 13,204 shares. Ls Inv Ltd Liability Co owns 2,020 shares for 0% of their portfolio. Millennium Mngmt Limited Liability Corporation, New York-based fund reported 299,454 shares. 1,522 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Alliancebernstein L P reported 57,500 shares. Gsa Capital Llp reported 69,892 shares.

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. The rating was downgraded by Barrington Research to “Market Perform” on Thursday, September 29. The firm has “Buy” rating by Compass Point given on Friday, April 29. The stock of New Media Investment Group Inc. (NYSE:NEWM) earned “Buy” rating by Citigroup on Thursday, March 24. Citigroup downgraded the stock to “Sell” rating in Wednesday, August 24 report. The stock of New Media Investment Group Inc. (NYSE:NEWM) has “Neutral” rating given on Tuesday, April 5 by Citigroup. On Friday, July 29 the stock rating was downgraded by Compass Point to “Neutral”. Barrington Research maintained the shares of NEWM in report on Monday, August 15 with “Outperform” rating.

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

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