New Media Investment Group Inc. (NEWM): Gregory William Freiberg , CFO of New Media Investment Group Inc. purchased 25,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.10 per share for a total value of $402,415.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 3, 2015, Leon G Cooperman (10% owner) sold 25,756 shares at $18.44 per share price.On Aug 10, 2015, Gregory William Freiberg (CFO) purchased 12,500 shares at $15.88 per share price.Also, On Aug 7, 2015, Laurence Tarica (director) purchased 15,000 shares at $16.31 per share price.On Aug 6, 2015, Michael Reed (CEO) purchased 20,000 shares at $16.06 per share price.
New Media Investment Group Inc: On Friday, May 6, 2016 heightened volatility was witnessed in New Media Investment Group Inc which led to swings in the share price. The shares opened for trading at $16.17 and hit $16.58 on the upside , eventually ending the session at $16.44, with a gain of 1.54% or 0.25 points. The heightened volatility saw the trading volume jump to 3,54,759 shares. The 52-week high of the share price is $22.81 and the company has a market cap of $738 M . The 52-week low of the share price is at $13.96.
Company has been under the radar of several Street Analysts.New Media Investment Group Inc is Reiterated by Compass Point to Buy while Lowering the Price Target of the company shares to $ 21 from a previous price target of $24 . The Rating was issued on Apr 29, 2016.New Media Investment Group Inc is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 5, 2016.
New Media Investment Group Inc. is a holding company. The Company is a publisher of locally-based print and online media. The Company owns operates and invests in local media assets. It focuses on owning and acquiring local media assets in small to mid-size markets. It focuses on business categories such as consumers and small to medium size businesses (SMBs). Its portfolio of media assets spans across 379 markets and 27 states. Its products include 452 community print publications 379 Websites 360 mobile sites and six yellow page directories. Its digital marketing services business Propel Marketing (Propel) offers a set of turn-key digital marketing services to SMBs that provides results to the business owners. It operates in four publication groups: Small Community Newspapers Metros Large Daily Newspapers and Local Media