New Media Investment Group Inc: Leon Cooperman’s Cooperman Leon G Opened Position

February 15, 2018 - By Maria Brooks

 New Media Investment Group Inc: Leon Cooperman's Cooperman Leon G Opened Position

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

Rhumbline Advisers reported 102,733 shares. Shikiar Asset has invested 1.75% in New Media Investment Group Inc. (NYSE:NEWM). Robeco Institutional Asset Management Bv stated it has 0.01% of its portfolio in New Media Investment Group Inc. (NYSE:NEWM). Salem Investment Counselors holds 72 shares or 0% of its portfolio. Leucadia Natl holds 14,222 shares. 19,000 are held by Quinn Opportunity Prtnrs Lc. Panagora Asset Mgmt holds 0% of its portfolio in New Media Investment Group Inc. (NYSE:NEWM) for 37,124 shares. Engineers Gate Manager L P stated it has 0.03% in New Media Investment Group Inc. (NYSE:NEWM). International Grp accumulated 0% or 40,761 shares. Van Eck Associate Corporation owns 4,401 shares or 0% of their US portfolio. North Star Mgmt Corporation has 0.11% invested in New Media Investment Group Inc. (NYSE:NEWM) for 61,172 shares. The Pennsylvania-based Pnc Fin Group Inc has invested 0% in New Media Investment Group Inc. (NYSE:NEWM). Fortress Inv Gp Ltd Llc has invested 0.02% of its portfolio in New Media Investment Group Inc. (NYSE:NEWM). Stevens Capital Mngmt Lp invested in 12,963 shares. Pinebridge Invs L P holds 0.03% of its portfolio in New Media Investment Group Inc. (NYSE:NEWM) for 73,908 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 maintained by Citigroup with “Buy” on Thursday, March 24. As per Wednesday, August 24, the company rating was downgraded by Citigroup. Compass Point downgraded New Media Investment Group Inc. (NYSE:NEWM) on Friday, July 29 to “Neutral” rating. On Tuesday, April 5 the stock rating was downgraded by Citigroup to “Neutral”. The rating was maintained by Compass Point with “Buy” on Friday, April 29. The firm has “Outperform” rating by Barrington Research given on Monday, August 15. The rating was downgraded by Barrington Research on Thursday, September 29 to “Market Perform”.

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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